MicroVision (MVIS) interim CFO receives 6,000 RSU shares, 2,017 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MicroVision interim CFO Stephen Hrynewich reported routine equity compensation activity. On June 5, vested restricted stock units converted into 6,000 shares of common stock distributed without payment on a unit-for-share basis. On June 8, 2,017 shares were disposed of in a withholding tax-related, nondiscretionary sell-to-cover transaction completed by the company under the award terms. After these transactions, Hrynewich directly holds 182,497 shares of common stock, and the reported RSU grant has been fully converted.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,000 shares exercised/converted
Mixed
3 txns
Insider
Hrynewich Stephen
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,017 | $0.39 | $786.63 |
| Exercise | Restricted Stock Units | 6,000 | $0.00 | -- |
| Exercise | Common Stock | 6,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 182,497 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- 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. Represents a withholding tax-related nondiscretionary sell-to-cover transaction completed by the Issuer in accordance with the terms of the award agreement. At vesting, converts into shares of common stock on a unit-for-share basis.
Key Figures
RSUs converted: 6,000 shares
Tax withholding shares: 2,017 shares
Tax price per share: $0.39 per share
+1 more
4 metrics
RSUs converted
6,000 shares
Restricted Stock Units converting into common stock on June 5
Tax withholding shares
2,017 shares
Withholding tax-related nondiscretionary sell-to-cover on June 8 at $0.39
Tax price per share
$0.39 per share
Price used in the 2,017-share tax-withholding disposition
Shares held after transactions
182,497 shares
Common stock directly owned by Hrynewich following reported transactions
Key Terms
Restricted Stock Units, sell-to-cover, withholding tax-related, derivative security
4 terms
Restricted Stock Units financial
"Vested restricted stock units, or RSUs, were distributed to the Reporting Person"
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.
sell-to-cover financial
"withholding tax-related nondiscretionary sell-to-cover transaction completed by the Issuer"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
derivative security financial
"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
What insider transactions did MicroVision (MVIS) interim CFO Stephen Hrynewich report?
Stephen Hrynewich reported RSU vesting and tax withholding transactions. 6,000 restricted stock units converted into common shares, and 2,017 shares were disposed of to cover withholding taxes under a nondiscretionary sell-to-cover arrangement with the company.
What happened to the 6,000 Restricted Stock Units reported by MicroVision (MVIS) interim CFO?
The 6,000 Restricted Stock Units vested and converted into common stock. The Form 4 notes they were distributed without payment on a unit-for-share basis, and the RSU derivative position now shows zero remaining following this conversion event.