Sec Form 4 Filing - Markham Drew G @ MICROVISION, INC. - 2024-06-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Markham Drew G
2. Issuer Name and Ticker or Trading Symbol
MICROVISION, INC. [ MVIS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
GC
(Last) (First) (Middle)
18390 NE 68TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/04/2024
(Street)
REDMOND, WA98052
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 06/04/2024 M 186,250 A $ 0 222,950 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 ( 2 ) 06/04/2024 A 186,250 06/04/2024( 3 ) 06/04/2024( 3 ) Common Stock 186,250 $ 0 186,250 D
Restricted Stock Units $ 0 ( 4 ) 06/04/2024 M 186,250 06/04/2024( 3 ) 06/04/2024( 3 ) Common Stock 186,250 $ 0 0 D
Restricted Stock Units $ 0 ( 2 ) 06/04/2024 A 360,000 06/04/2025( 5 ) 06/04/2027( 5 ) Common Stock 360,000 $ 0 360,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Markham Drew G
18390 NE 68TH STREET
REDMOND, WA98052
GC
Signatures
/s/ Elizabeth A. Mandle, attorney-in-fact for Drew G. Markham 06/06/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On June 4, 2024, the Issuer's Compensation Committee approved a grant of fully vested restricted stock units, or RSUs, in lieu of a cash payout of the Reporting Person's 2023 short-term incentive bonus. For more detail on the short-term incentive bonus, please refer to the disclosure in the Company's 2024 Proxy Statement, as filed with the SEC on April 29, 2024. The vested RSUs were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
( 2 )Each restricted stock unit represents a contingent right to receive one share of MicroVision common stock.
( 3 )The restricted stock units were fully vested at the time of grant.
( 4 )At vesting, converts into shares of common stock on a unit-for-share basis.
( 5 )On June 4, 2024, the Issuer's Compensation Committee approved a grant of restricted stock units, 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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