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Insider Trends: Insider at MicroVision Receives Stock Award Uses Portion to Pay Taxes, Slowing 90-Day Buy Trend

05/10/2021 14:24

06:21 PM EDT, 05/10/2021 (MT Newswires) -- Sumit Sharma, Director and CEO, awarded 300,000 shares in MicroVision (MVIS) and sold 115,866 shares concurrently to meet tax obligations on May 06, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 184,134 company shares. Subsequent to the Form 4 filing with the SEC, Sharma has 575,434 shares of the company, which have a market value of $8.11 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there has been one additional insider transaction which has resulted in the disposition of 30,000 of company shares. This compares with the preceding 90-day window of time where there were 5 transactions from 4 insiders which resulted in the net disposition of 152,897 shares.

This is lower than the average level of insider transactions in the 10-company Display Screens peer group over the last 90-day period. Within the peer group activity averaged 68.2 transactions per company, with company insiders acquiring on average 142,315 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/65770/000159396821001260/xslF345X03/primary_01.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.