Markham Drew G 4
4 · MICROVISION, INC. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
MicroVision (MVIS) GC Drew Markham Receives RSUs, Sells 35,901 Shares
What Happened
Drew G. Markham, General Counsel of MicroVision, had 119,880 restricted stock units (RSUs) convert into common stock on June 4, 2026 (reported as an exercise/conversion of a derivative at $0.00). Following vesting, the company sold 35,901 of those shares on June 5, 2026 to satisfy tax withholding obligations, netting about $13,822 (weighted-average sale price ≈ $0.385).
Key Details
- Transaction dates: June 4, 2026 (conversion/vesting of 119,880 RSUs); June 5, 2026 (sell-to-cover of 35,901 shares).
- Prices/proceeds: RSUs converted at $0.00; sell-to-cover executed at a weighted average price ~ $0.385 (individual sale prices ranged $0.3850–$0.3852), proceeds ≈ $13,822.
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnotes: F1/F4 — RSUs were distributed/converted on a unit-for-share basis; F2 — sell-to-cover was a nondiscretionary, tax-withholding sale by the issuer; F3 — sale prices ranged $0.3850–$0.3852; F5 — RSUs were granted 6/4/2024 and vest 33% per year through 6/4/2027.
- Filing timeliness: Report filed 2026-06-05 for a 2026-06-04 transaction (appears timely).
Context
This was an RSU vesting event (award conversion) followed by an issuer-conducted sell-to-cover to satisfy tax liability — a routine, nondiscretionary transaction (codes M for conversion and F for tax withholding). Such sell-to-cover transactions are administrative and do not necessarily indicate insider sentiment about the company's stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-04+119,880→ 508,209 total - Tax Payment
Common Stock
[F2][F3]2026-06-05$0.39/sh−35,901$13,822→ 472,308 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-06-04−119,880→ 0 totalExercise: $0.00From: 2026-06-04Exp: 2026-06-04→ Common stock (119,880 underlying)
Footnotes (5)
- [F1]Vested restricted stock units, or RSUs, were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
- [F2]Represents a withholding tax-related nondiscretionary sell-to-cover transaction completed by the Issuer in accordance with the terms of the award agreement.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold by the Issuer in multiple transactions at prices ranging from $0.3850 to $0.3852, inclusive.
- [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 RSUs, 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.