MicroVision Insider Filing: 22,007 RSUs Converted to Shares for Director
Rhea-AI Filing Summary
MicroVision, Inc. (MVIS) director Jada Smith received 22,007 shares when restricted stock units (RSUs) vested on 09/02/2025 and were distributed on a unit-for-share basis without payment. After the distribution, the reporting person beneficially owned 82,344 shares of common stock directly. The Form 4 also discloses RSUs granted 06/06/2025 that vest in four equal quarterly installments through the earlier of the first anniversary of the grant or the day before the 2026 annual meeting, subject to continued service as a director.
Positive
- 22,007 RSUs vested and were converted into common stock on a unit-for-share basis without payment on 09/02/2025
- Reporting person beneficially owns 82,344 shares following the distribution
Negative
- Filing discloses a prior misreporting of RSU grant totals, noting an incorrect figure (87,462) and stating the correct amount (88,208) while also referencing 88,028 as the basis for vesting calculations
Insights
Routine director compensation event; disclosure includes a corrective note on prior RSU reporting.
The Form 4 documents a standard equity compensation settlement: 22,007 RSUs vested and converted to common shares on 09/02/2025 and were issued to the director without payment. The filing clarifies the vesting schedule for a June 2025 grant that vests quarterly over approximately one year, conditional on continued service. The disclosure also calls out a prior misstatement of grant totals and explains which grant amount was used to calculate vesting.
Insider received shares via RSU vesting; transaction appears non-cash and routine for compensation.
The transaction code (M) and $0.00 price indicate settlement of vested RSUs into shares rather than a market purchase. Post-transaction beneficial ownership is reported as 82,344 shares. The filing’s explanatory note documents an earlier reporting discrepancy in total RSUs granted and states the basis used for the vesting calculation, which is relevant for record accuracy.
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.
