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

Corporate Governance Expert

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.

Securities Analyst

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.

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^*

Smith Jada

(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)	82,344	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 Jada Smith	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 MVIS director Jada Smith report on Form 4?

The Form 4 reports that 22,007 restricted stock units vested and were distributed as 22,007 shares of MicroVision common stock on 09/02/2025.

How many MicroVision shares does the reporting person own after the transaction?

The filing reports 82,344 shares beneficially owned by the reporting person following the distribution.

Were the vested RSUs issued for cash or as a non-cash settlement?

The RSUs were converted to shares at $0.00, indicating a non-cash settlement on a unit-for-share basis.

What is the vesting schedule for the RSUs referenced in the filing?

RSUs granted on 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 before the issuer's 2026 annual meeting, subject to continued service.

Does the Form 4 note any corrections to earlier filings?

Yes, the Form 4 states that a prior filing incorrectly reported total RSUs and specifies the correct grant amount and the basis used for the vesting calculation.