Schabert Peter 4
Research Summary
AI-generated summary
Microvision (MVIS) Director Peter Schabert Receives 22,007 Shares
What Happened
Peter Schabert, a director of Microvision, had 22,007 restricted stock units (RSUs) convert into 22,007 shares of common stock on June 5, 2026. The conversion/exercise was reported as a derivative transaction (code M) at $0.00 per share, so no cash was paid or received — this reflects RSU vesting and conversion to shares, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05 (filed same day). Transaction code: M (exercise/conversion of derivative).
- Shares acquired: 22,007 common shares at $0.00 each (total value $0).
- Derivative disposition: 22,007 derivative units disposed (reflecting the conversion of RSUs).
- Shares owned after transaction: not stated in the provided excerpt.
- Footnotes: F1–F2 confirm vested RSUs were distributed unit-for-share without payment; F3 addresses a correction to a prior Form 4 (previously reported 87,462 RSUs, filing indicates 88,208 and also references 88,028 in the vesting calc — see the filing for the exact corrected figures).
- Timeliness: Filed for the same date as the transaction (not marked late). No 10b5-1 plan, tax-withholding sale, or immediate sale reported in this filing.
Context
This was a routine vesting/conversion of RSUs into stock rather than a market purchase or sale. Because no shares were sold here, this filing does not provide a bearish or bullish trading signal — it documents compensation vesting and conversion into common shares.