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

Securities Analyst

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.

Corporate Governance Expert

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.

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^*

Schabert Peter

(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)
09/02/2025

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	09/02/2025		M		22,007	A	$0.00(1)	102,457	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)	09/02/2025		M			22,007	09/02/2025(3)	09/02/2025(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 Peter Schabert	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Peter Schabert report on the Form 4 for MVIS?

The Form 4 reports that 22,007 vested RSUs converted into common stock and were distributed to Peter Schabert on 09/02/2025 at $0.00.

How many MicroVision shares does Peter Schabert beneficially own after the reported transaction?

After the reported distribution, Peter Schabert beneficially owns 102,457 shares of MicroVision common stock.

Was there a correction or amendment noted in this Form 4 filing for MVIS?

Yes. The filing states the Form 4 filed on 06/06/2025 incorrectly reported the total RSUs granted and that the vesting reported in this filing was calculated based on a stated correct RSU amount.

Were the RSUs paid for by Peter Schabert?

No. The filing explicitly states the RSUs were distributed without payment and converted to shares on a unit-for-share basis at vesting.

Who signed the Form 4 for Peter Schabert?

The Form 4 was signed on behalf of Peter Schabert by Drew G. Markham, attorney-in-fact on 09/03/2025.