Director Jeffrey Herbst gains 22,007 MicroVision (MVIS) shares from RSU vesting

Rhea-AI Filing Summary

MICROVISION, INC. director Jeffrey A. Herbst reported the vesting of 22,007 restricted stock units, which were converted into an equal number of common shares without payment on a unit-for-share basis. Following this non-cash derivative exercise, he directly holds 230,727 shares of common stock. A prior Form 4 is corrected here to state that the RSU grant on 06/05/2025 was 88,208 units, and the vesting disclosed was calculated from this corrected amount.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Herbst Jeffrey A

(Last) (First) (Middle)

18390 NE 68TH STREET

(Street)

REDMOND WA 98052

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MICROVISION, INC. [ MVIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		M		22,007	A	$0.00(1)	230,727	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.00(2)	03/02/2026		M			22,007	03/02/2026(3)	03/02/2026(3)	Common stock	22,007	$0.00	0	D

Explanation of Responses:

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.

2. At vesting, RSUs convert into shares of common stock on a unit-for-share basis, without payment.

3. 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.

	/s/ Drew G. Markham, attorney-in-fact for Jeffrey A. Herbst	03/02/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did MICROVISION (MVIS) director Jeffrey Herbst report?

Jeffrey Herbst reported the vesting and conversion of 22,007 restricted stock units into common stock. The RSUs were distributed without payment, on a one-for-one basis, increasing his directly held MICROVISION common shares to 230,727 after the transaction.

Were Jeffrey Herbst’s MICROVISION (MVIS) transactions open-market buys or sells?

The reported transactions were not open-market buys or sells. They reflect an exercise or conversion of restricted stock units into common shares at no cost, recorded under transaction code “M” for derivative exercises rather than a cash purchase or sale.

How many MICROVISION (MVIS) shares does Jeffrey Herbst own after this Form 4?

After the RSU conversion, Jeffrey Herbst directly holds 230,727 shares of MICROVISION common stock. This balance reflects the addition of 22,007 shares received upon vesting of restricted stock units that converted into common stock on a unit-for-share basis.

What correction to prior RSU disclosure does this MICROVISION (MVIS) Form 4 make?

The filing corrects a previous Form 4 that understated an RSU grant. It clarifies that RSUs granted on 06/05/2025 totaled 88,208 units, and notes that the vesting reported in this filing was calculated using this corrected RSU grant amount.

How do MICROVISION (MVIS) RSUs vest for director Jeffrey Herbst?

The RSUs granted on 06/06/2025 are scheduled to vest in four equal quarterly installments. Vesting continues until fully vested on the earlier of the first anniversary of the grant date or the day before MICROVISION’s 2026 annual stockholders meeting, subject to continued board service.

Did Jeffrey Herbst pay anything for the MICROVISION (MVIS) shares received?

He did not pay cash for the new shares. The footnotes explain that vested restricted stock units convert into common stock on a unit-for-share basis, without payment, meaning the shares are issued as part of his equity compensation.