Vuzix former officer returns 1M RSUs to issuer

Former Vuzix Corp officer Christopher Iain Parkinson reported a disposition of 1,000,000 Restricted Stock Units (RSUs) back to the company.

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Form Type

Rhea-AI Filing Summary

Former Vuzix Corp officer Christopher Iain Parkinson reported a disposition of 1,000,000 Restricted Stock Units (RSUs) back to the company. Each RSU represented the right to receive one share of common stock, but these awards were tied to revenue and EBITDA targets for the Enterprise Solutions business.

The RSUs would have vested only if specific revenue and EBITDA goals were achieved by December 31, 2028. After this disposition to the issuer, Parkinson holds no remaining RSUs from this grant, and there was no sale of shares in the market.

Insider Trade Summary

Disposition: 1,000,000 shares

Disposition 1 txn

Insider Parkinson Christopher Iain

Role Insider

Type	Security	Shares	Price	Value
Disposition	Restricted Stock Unit	1,000,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct)

Footnotes (2)

F1. Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.
F2. The RSUs would vest solely upon the achievement of certain revenue and EBITDA targets of the issuer's Enterprise Solutions business unit by December 31, 2028.

Key Figures

RSUs disposed: 1,000,000 RSUs Underlying common shares: 1,000,000 shares Transaction price per RSU: $0.00 +2 more

5 metrics

RSUs disposed 1,000,000 RSUs Disposition to issuer on April 22, 2026

Underlying common shares 1,000,000 shares Each RSU equals one share of common stock

Transaction price per RSU $0.00 Disposition to issuer, no market sale

RSUs after transaction 0 RSUs Total derivative securities following transaction for this grant

Performance deadline December 31, 2028 Revenue and EBITDA targets for Enterprise Solutions unit

Key Terms

Restricted Stock Unit, RSU, EBITDA, Enterprise Solutions business unit, +1 more

5 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

RSU financial

"Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock."

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

EBITDA financial

"The RSUs would vest solely upon the achievement of certain revenue and EBITDA targets of the issuer's Enterprise Solutions business unit by December 31, 2028."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

Enterprise Solutions business unit financial

"The RSUs would vest solely upon the achievement of certain revenue and EBITDA targets of the issuer's Enterprise Solutions business unit by December 31, 2028."

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Vuzix (VUZI) Form 4 filed by Christopher Iain Parkinson report?

The Form 4 reports that former officer Christopher Iain Parkinson disposed of 1,000,000 Restricted Stock Units back to Vuzix. These RSUs represented potential common shares but were returned to the issuer instead of being converted or sold in the market.

How many Vuzix (VUZI) Restricted Stock Units were involved in this Form 4?

The filing shows 1,000,000 Restricted Stock Units were disposed of to Vuzix. Each RSU represented a contingent right to receive one share of common stock, so the grant covered up to 1,000,000 underlying common shares if vesting conditions were met.

Were the Vuzix (VUZI) RSUs in this Form 4 performance-based awards?

Yes. The footnotes explain the RSUs would vest only upon achieving certain revenue and EBITDA targets in Vuzix’s Enterprise Solutions business by December 31, 2028. Without those targets being met, the units would not convert into common shares.

Did Christopher Iain Parkinson sell any Vuzix (VUZI) shares in the market?

No market sale is reported. The transaction code is a disposition to the issuer, meaning 1,000,000 RSUs were returned to Vuzix. The per-unit transaction price is shown as zero, indicating no open-market sale proceeds in this filing.

What is Parkinson’s remaining RSU position in Vuzix (VUZI) after this transaction?

After the reported disposition, the filing lists total derivative securities following the transaction as zero for this grant. The derivative summary is empty, indicating no remaining RSUs from this specific performance-based award are shown in this Form 4.

What performance deadline was tied to these Vuzix (VUZI) RSUs?

The RSUs were conditioned on revenue and EBITDA targets for the Enterprise Solutions unit being achieved by December 31, 2028. This date served as the outer deadline for meeting the performance hurdles required for the awards to vest into common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 06:49 PM EDT

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Parkinson Christopher Iain

(Last)

(First)

(Middle)

25 HENDRIX ROAD, SUITE A

(Street)

WEST HENRIETTA

NEW YORK

14586

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vuzix Corp [ VUZI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	04/22/2026		D			1,000,000	⁽²⁾	⁽²⁾	Common Stock	1,000,000	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.

2. The RSUs would vest solely upon the achievement of certain revenue and EBITDA targets of the issuer's Enterprise Solutions business unit by December 31, 2028.

	/s/ Chris Parkinson	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR