MicroVision (MVIS) Director Peter Schabert Receives 4,670 Shares via RSU Vest

What Happened

• Peter Schabert, a director of MicroVision, had 4,670 shares reported as acquired on 2026-09-01 through the exercise/conversion of a derivative (transaction code M) at $0.00 consideration. The filing also shows a matching disposition of a derivative instrument for 4,670 shares at $0.00. Footnotes identify these as vested restricted stock units (RSUs) that converted into common stock on a unit-for-share basis and were distributed without payment.
• This was not an open-market purchase or sale for cash; it reflects RSUs vesting and converting into issued shares rather than a market transaction.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely filing).
• Reported amounts: 4,670 shares acquired @ $0.00 and 4,670 shares disposed (derivative) @ $0.00.
• Transaction code: M = exercise or conversion of a derivative; F1–F2 note these were vested RSUs distributed without payment.
• Footnote F3: RSUs granted 07/16/2026 vest in four equal quarterly installments; the 07/17/2026 Form 4 reported the original grant on a pre-split basis (280,152 pre-split = 18,677 post-split), so the 4,670 shares align with a scheduled vesting installment.
• The filing does not show proceeds or an open-market sale; no cash withholding or tax-sale detail is reported in the provided excerpt.
• Shares owned after the transaction are not specified in the provided data.

Context

• For retail investors: this is an award vesting event (conversion of RSUs), which issues shares to the insider without a cash purchase. Such events are routine compensation-related transactions and do not necessarily indicate a buy or sell signal by the insider.
• The dual reporting (acquisition of shares and disposition of a derivative) is common when equity awards convert into common stock and the underlying derivative instrument is terminated.