Anubhav Verma - 04 Jun 2024 Form 4 Insider Report for MICROVISION, INC. (MVIS)

Role
CFO
Signature
/s/ Elizabeth A. Mandle, attorney-in-fact for Anubhav Verma
Issuer symbol
MVIS
Transactions as of
04 Jun 2024
Net transactions value
$0
Form type
4
Filing time
06 Jun 2024, 21:12:46 UTC
Previous filing
22 Nov 2023
Next filing
07 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVIS Common Stock Options Exercise $0 +200,000 +211% $0.000000 295,006 04 Jun 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MVIS Restricted Stock Units Award $0 +200,000 $0.000000 200,000 04 Jun 2024 Common Stock 200,000 $0.000000 Direct F2, F3
transaction MVIS Restricted Stock Units Options Exercise $0 -200,000 -100% $0.000000* 0 04 Jun 2024 Common Stock 200,000 $0.000000 Direct F3, F4
transaction MVIS Restricted Stock Units Award $0 +450,000 $0.000000 450,000 04 Jun 2024 Common Stock 450,000 $0.000000 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 4, 2024, the Issuer's Compensation Committee approved a grant of fully vested restricted stock units, or RSUs, in lieu of a cash payout of the Reporting Person's 2023 short-term incentive bonus. For more detail on the short-term incentive bonus, please refer to the disclosure in the Company's 2024 Proxy Statement, as filed with the SEC on April 29, 2024. The vested RSUs were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
F2 Each restricted stock unit represents a contingent right to receive one share of MicroVision common stock.
F3 The restricted stock units were fully vested at the time of grant.
F4 At vesting, converts into shares of common stock on a unit-for-share basis.
F5 On June 4, 2024, the Issuer's Compensation Committee approved a grant of restricted stock units, which are scheduled to vest as to 33% on each annual anniversary of the grant date, until fully vested on June 4, 2027, subject to the Reporting Person's continued employment with the Issuer on each vesting date.