MVIS Form 4: Peter Schabert receives 22,007 shares as RSUs vest
Rhea-AI Filing Summary
MicroVision director Peter Schabert received 22,007 shares when vested restricted stock units converted to common stock on 09/02/2025. The shares were distributed at $0.00 as vested RSUs convert on a unit-for-unit basis without payment. After the transaction Schabert beneficially owned 102,457 shares. The filing corrects an earlier RSU grant reporting error, noting the original Form 4 misreported totals and that the vesting disclosed here was calculated using a stated “correct” RSU amount. The Form 4 was signed by an attorney-in-fact on behalf of Schabert.
Positive
- 22,007 vested RSUs converted to common stock without payment, increasing alignment between director and shareholders
- Reporting shows 102,457 shares beneficially owned after the distribution, providing clear disclosure of insider holdings
- Filing includes an explicit correction to a prior RSU grant reporting error, improving disclosure accuracy
Negative
- The filing notes a prior misstatement of RSU grant totals, indicating an earlier reporting error
- The correction text contains multiple different figures for the ‘‘correct’’ RSU amount (88,208 and 88,028), creating an internal inconsistency within the disclosure
Insights
TL;DR: Routine director vesting converted 22,007 RSUs to shares; holding now 102,457 shares, and the filing corrects a prior RSU reporting error.
This Form 4 reports a non-cash distribution of 22,007 common shares to director Peter Schabert upon RSU vesting on 09/02/2025. Such distributions are standard compensation mechanics for equity-based pay and do not reflect open-market trading. The post-transaction beneficial ownership is 102,457 shares, which provides a clear snapshot of Schabert's current stake. The filing also amends prior reporting by noting an earlier misstatement of the total RSUs granted; the correction is disclosed within the filing text.
TL;DR: Governance action is routine: RSU vesting and corrected prior disclosure; no executive departure or new plan is reported.
The disclosure shows standard director compensation via time-based RSUs that vested and converted to shares on a unit-for-unit basis. The filer checked the director box and the form was filed by one reporting person. The document includes an explanatory note correcting a previously filed Form 4 RSU total; the correction language contains multiple figures for the ‘‘correct’’ amount, which the company has explicitly recorded in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,007 | $0.00 | -- |
| Exercise | Common Stock | 22,007 | $0.00 | -- |
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. At vesting, RSUs convert into shares of common stock on a unit-for-share basis, without payment. 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.
