Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 203

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 203
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     3.3  
    $160 

    Exercisable as of March 31,
    2025 
     666  
    $1.43  
     3.3  
    $160 

As
of March 31, 2025, there is no unrecognized share-based employee compensation related to stock options.

Restricted
Stock Activity and Positions

The
following table summarizes activity and positions with respect to RSUs and PSUs for the three months ended March 31, 2025 (in thousands,
except per share data):

 SCHEDULE OF ACTIVITY AND POSITIONS WITH RESPECT TO RSUs AND PSUs

    Weighted-average 

    Shares  
    price 
  
    Unvested as of
    December 31, 20241 
     12,913  
    $        1.53 
  
    Granted 
     262  
     1.25 
  
    Vested 
     (439) 
     1.38 
  
    Forfeited 
     (294) 
     2.28 
  
    Unvested as of March 31, 2025 
     12,442  
    $1.51 

  1
  1The
number of unvested RSUs and PSUs and the weighted-average price as of December 31, 2024 reported in this Note has been adjusted to 12,913
from 12,013 and to $1.53 from $1.51, respectively, as reported in Note 9 of the Notes to Consolidated Financial Statements included in
the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, due to the correction of an administrative error.
The correction resulted in no change to the previously issued financial statements and the Company deems the administrative error not
material from a quantitative or qualitative perspective.

During
the three months ended March 31, 2025, the Company granted 262,000 shares to non-executive employees. These shares were valued based
on the closing price of our common stock on the dates of grant and vest immediately.

As
of March 31, 2025, unrecognized share-based compensation related to RSUs was $5.5
million, which will be expensed over the next
1.8 years. Unrecognized share-based compensation
related to executive PSUs was $1.