MicroVision director receives 22,007 vested shares
MicroVision, Inc. director Jeffrey A. Herbst increased his shareholdings through routine equity compensation.
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Form Type
4
Rhea-AI Filing Summary
MicroVision, Inc. director Jeffrey A. Herbst increased his shareholdings through routine equity compensation. On June 5, 2026, 22,007 Restricted Stock Units (RSUs) vested and were distributed to him, without payment, as 22,007 shares of common stock on a unit-for-share basis. After this RSU-to-share conversion, he directly holds 280,919 shares of MicroVision common stock. A footnote explains that an earlier Form 4 had misstated the size of the original RSU grant and that the vesting reported here is based on the corrected grant amount.
Insider Trade Summary
22,007 shares exercised/converted
Exercise
2 txns
Insider
Herbst Jeffrey A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,007 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,007 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 280,919 shares (Direct)
Footnotes (3)
- F1. Vested restricted stock units, or RSUs, were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
- F2. At vesting, converts into shares of common stock on a unit-for-share basis.
- F3. RSUs granted 06/06/2025 are scheduled to vest in four equal quarterly installments until fully vested on the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2026 Annual Meeting of Stockholders, provided that the reporting person continues to serve as a director through each vesting date. The Form 4 filed on 06/06/2025 incorrectly reported the total RSUs granted on 06/05/2025 as 87,462 RSUs instead of the correct amount of 88,208 RSUs. The vesting reported herein was calculated based on the correct amount of 88,028 RSUs.
Key Figures
RSUs vested and converted: 22,007 shares
Shares held after transaction: 280,919 shares
RSU exercise price: $0.0000 per unit
3 metrics
RSUs vested and converted
22,007 shares
Restricted Stock Units converting into common stock on June 5, 2026
Shares held after transaction
280,919 shares
Director Jeffrey A. Herbst’s direct common stock holdings post-vesting
RSU exercise price
$0.0000 per unit
RSUs distributed without payment upon vesting
Key Terms
Restricted Stock Units, unit-for-share basis, Annual Meeting of Stockholders, derivative security
4 terms
Restricted Stock Units financial
"Vested restricted stock units, or RSUs, were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Annual Meeting of Stockholders financial
"fully vested on the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2026 Annual Meeting of Stockholders"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MicroVision (MVIS) disclose for Jeffrey A. Herbst?
MicroVision reported that director Jeffrey A. Herbst received 22,007 shares of common stock from vesting Restricted Stock Units. These RSUs converted into shares on a unit-for-share basis as part of his routine equity compensation program, with no cash paid for the distribution.
Was the MicroVision (MVIS) Form 4 an open-market buy or sale?
The Form 4 does not report an open-market buy or sale. Instead, it shows a derivative exercise where 22,007 Restricted Stock Units vested and automatically converted into 22,007 common shares as compensation, with no purchase price paid by the reporting person.
What do the MicroVision (MVIS) Form 4 footnotes say about the RSU vesting?
The footnotes explain that vested RSUs were distributed without payment in common stock on a unit-for-share basis. They also clarify that a prior Form 4 had misstated the total RSUs granted, and that the vesting reported here is calculated from the corrected grant amount.
Does this MicroVision (MVIS) insider transaction indicate a change in ownership structure?
The filing shows a routine RSU vesting that increased Jeffrey A. Herbst’s direct shareholdings to 280,919 shares. It does not describe transfers through entities, trusts, or other indirect holders; the ownership is listed as direct in the transaction details.
How were the Restricted Stock Units in the MicroVision (MVIS) filing settled?
The Restricted Stock Units were settled in common stock on a unit-for-share basis. Upon vesting on June 5, 2026, 22,007 RSUs converted into 22,007 shares of MicroVision common stock, distributed to Jeffrey A. Herbst without any cash consideration paid by him.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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