Parkinson Christopher Iain 4

What Happened
Christopher Iain Parkinson, identified as a former officer of Vuzix Corp (VUZI), reported a derivative disposition on 2026-04-22: 1,000,000 Restricted Stock Units (RSUs) were disposed to the issuer at $0.00 per unit, producing no proceeds. The filing treats this as a derivative transaction (code D); each RSU represents the contingent right to one share if vesting conditions are met.

Key Details

• Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (filed within the typical two-business-day window).
• Instrument and quantity: 1,000,000 RSUs (derivative disposition) at $0.00 per unit; total reported proceeds = $0.
• Shares owned after transaction: not specified in the supplied data.
• Footnotes: F1 — each RSU equals the contingent right to one common share. F2 — RSU vesting was contingent on Enterprise Solutions revenue and EBITDA targets to be achieved by December 31, 2028.
• Filing timeliness: appears timely (filed two days after the transaction).

Context

• This was not a cash sale or open‑market transaction — it was a disposition of derivative awards. A $0.00 disposition to the issuer typically reflects cancellation, surrender or forfeiture of awards or a similar corporate action; the Form 4 does not state the specific reason.
• Because these were RSUs with performance conditions, the disposition does not necessarily reflect a view on the company’s stock price. It reflects a change in award holdings or status, not an open‑market trade.