Herbst Jeffrey A 4
Research Summary
AI-generated summary
Microvision Director Jeffrey Herbst Receives 22,007 Shares
What Happened
- Jeffrey A. Herbst, a director of Microvision, had 22,007 vested restricted stock units (RSUs) convert into 22,007 shares of common stock on March 2, 2026. The Form 4 reports an acquisition (conversion) of 22,007 shares at $0.00 and a simultaneous disposition entry of 22,007 shares at $0.00; total reported cash value for these entries is $0.
- This reflects RSU vesting and distribution (compensation), not an open-market purchase or a market-sale for cash.
Key Details
- Transaction date: 2026-03-02. Transaction code: M (conversion/exercise of derivative).
- Shares acquired: 22,007 at $0.00 (unit-for-unit RSU conversion). Shares disposed: 22,007 at $0.00 (reported as derivative).
- Reported dollar value: $0.00 for both acquisition and disposition entries.
- Shares owned after transaction: not specified on the provided filing.
- Notable footnotes: RSUs were distributed without payment on a unit-for-share basis; vesting schedule and a prior Form 4 reporting error are noted (the prior filing misreported the total grant amount and vesting here was calculated using the corrected total).
- Filing timeliness: Reported on the same day (2026-03-02) — appears timely.
Context
- RSU conversions are compensation-related and do not represent a purchase signal; they often reflect routine vesting for service. Derivative-code entries can show conversion and internal transfers (e.g., for tax withholding), but this filing reports $0 values and does not detail any cash sale of the shares.