Sumit Sharma - 13 Jun 2022 Form 4 Insider Report for MICROVISION, INC. (MVIS)

Role
CEO, Director
Signature
/s/ Drew G. Markham, attorney-in-fact
Issuer symbol
MVIS
Transactions as of
13 Jun 2022
Net transactions value
$0
Form type
4
Filing time
14 Jun 2022, 16:10:22 UTC
Previous filing
24 May 2022
Next filing
15 Mar 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MVIS Restricted stock units Award $0 +2,800,000 $0.000000 2,800,000 13 Jun 2022 Common Stock 2,800,000 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 At vesting, converts into shares of common stock on a unit-for-share basis.
F2 Following approval by shareholders on June 1, 2022 of the MicroVision, Inc. 2022 Equity Incentive Plan, on June 13, 2022 the reporting person was granted a performance-based restricted stock unit award covering 2,800,000 shares of common stock (the "PRSU Award").
F3 Upon achievement of each of four stock-price-based performance objectives, a portion of the PRSU Award is scheduled to vest in eight equal quarterly installments.