MicroVision (MVIS) director Jada Smith gains 22,007 shares from RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MICROVISION, INC. director Jada Smith reported the vesting of restricted stock units that converted into common shares. On March 2, 2026, 22,007 RSUs were exercised at $0.00 per unit into 22,007 shares of common stock, bringing her direct common stock holdings to 126,358 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,007 shares exercised/converted
Mixed
2 txns
Insider
Smith Jada
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,007 | $0.00 | -- |
| Exercise | Common Stock | 22,007 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 126,358 shares (Direct)
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.
FAQ
What did MicroVision (MVIS) director Jada Smith report on this Form 4?
Jada Smith reported the vesting of restricted stock units that converted into common stock. On March 2, 2026, 22,007 RSUs were exercised at $0.00 per unit into 22,007 MicroVision common shares, increasing her directly held stake to 126,358 shares.
What is Jada Smith’s MicroVision (MVIS) ownership after this Form 4 event?
After the RSU vesting and conversion, Jada Smith directly holds 126,358 shares of MicroVision common stock. This total reflects the addition of 22,007 newly delivered shares from vested restricted stock units credited to her on March 2, 2026.
Was cash paid for the MicroVision (MVIS) RSU conversion reported by Jada Smith?
No cash was paid for this transaction. The filing states that vested restricted stock units converted into MicroVision common stock on a unit-for-share basis at $0.00 per share, meaning the director received the shares without making a cash payment to exercise them.
What do the footnotes reveal about Jada Smith’s MicroVision (MVIS) RSUs?
The footnotes explain that vested RSUs automatically convert into common stock on a one-for-one basis without payment. They also clarify that a prior Form 4 misreported the total RSUs granted, and this vesting was calculated using the corrected RSU grant amount.