BIDDISCOMBE SIMON 4
Research Summary
AI-generated summary
MicroVision (MVIS) Director Simon Biddiscombe Converts and Disposes 22,007 Shares
What Happened
- Simon Biddiscombe, Executive Vice Chair and Director of MicroVision, reported conversion/exercise of 22,007 derivative units into 22,007 shares and an immediate disposition of those 22,007 shares on 2026-06-05.
- Both the acquisition and disposition are reported at $0.00 per share (total dollar value reported as $0), reflecting conversion of vested RSUs rather than a cash purchase or standard open‑market sale.
Key Details
- Transaction date: 2026-06-05. Transaction code: M (exercise/conversion of a derivative).
- Shares acquired (conversion): 22,007 at $0.00. Shares disposed: 22,007 at $0.00.
- Shares owned after the reported transactions: not specified in this Form 4 filing.
- Footnotes: F1–F2 state these were vested RSUs distributed as shares on a unit-for-share basis at vesting; F3 explains the RSUs were granted 06/06/2025 with quarterly vesting and corrects a prior Form 4 reporting error, noting vesting calculations here use the corrected grant total.
- Filing timeliness: Reported on the same date as the transaction (timely).
Context
- Plainly: RSUs vested and converted into common stock, and those shares were then transferred/disposed. This is a non‑cash conversion of an award; such transactions are often routine (e.g., related to vesting, tax withholding, or broker settlement) rather than a direct buy/sell expressing market view.
- Transaction code M indicates conversion/exercise of a derivative instrument; the filing does not state whether the disposition was a sale for cash, transfer to cover taxes, or another internal action.