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MICROVISION, INC. — Director's Dealing 2024
Jun 7, 2024
14856_dirs_2024-06-06_9739ac90-da03-4c37-9120-cb0c4bcd59b8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICROVISION, INC. (MVIS)
CIK: 0000065770
Period of Report: 2024-06-04
Reporting Person: Verma Anubhav (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-04 | Common Stock | M | 200000 | $0.00 | Acquired | 295006 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-04 | Restricted Stock Units | $0.00 | A | 200000 | Acquired | 2024-06-04 | Common Stock (200000) | Direct |
| 2024-06-04 | Restricted Stock Units | $0.00 | M | 200000 | Disposed | 2024-06-04 | Common Stock (200000) | Direct |
| 2024-06-04 | Restricted Stock Units | $0.00 | A | 450000 | Acquired | 2027-06-04 | Common Stock (450000) | Direct |
Footnotes
F1: On June 4, 2024, the Issuer's Compensation Committee approved a grant of fully vested restricted stock units, or RSUs, in lieu of a cash payout of the Reporting Person's 2023 short-term incentive bonus. For more detail on the short-term incentive bonus, please refer to the disclosure in the Company's 2024 Proxy Statement, as filed with the SEC on April 29, 2024. The vested RSUs were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
F2: Each restricted stock unit represents a contingent right to receive one share of MicroVision common stock.
F3: The restricted stock units were fully vested at the time of grant.
F4: At vesting, converts into shares of common stock on a unit-for-share basis.
F5: On June 4, 2024, the Issuer's Compensation Committee approved a grant of restricted stock units, which are scheduled to vest as to 33% on each annual anniversary of the grant date, until fully vested on June 4, 2027, subject to the Reporting Person's continued employment with the Issuer on each vesting date.