Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 462

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 4A
Chunk 462
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 of 245,004,785 shares of common stock outstanding. As many of our shares
of common stock are held by brokerages and institutions on behalf of shareholders, we are unable to estimate the total number of beneficial
holders of our common stock represented by these record holders.

Stock
Performance Graph

This
performance graph shall not be deemed to be “soliciting material” or “filed” or incorporated by reference in
future filings with the Securities and Exchange Commission, or subject to the liabilities of Section 18 of the Securities Exchange Act
of 1934, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The
following graph shows a comparison from 2019 through 2024 of the cumulative total return for our common stock, the Russell 2000 Index
and the Dow Jones US Electronic and Electrical Equipment Index. Our prior annual reports had included cumulative total return from the
NASDAQ Electrical Components Index, however it is not included on this graph because the index has been discontinued. The comparisons
in the graph are historical and are not intended to forecast or be indicative of possible future performance of our common stock.

22

Recent
Sales of Unregistered Securities

On
November 21, 2023, pursuant to subscription agreements dated as of November 14, 2023, between us and each of the purchasers, we sold
in the aggregate 50,761 shares of our common stock, par value $0.001 per share (“Common Stock”), at $1.97 per share, for
an aggregate purchase price of approximately $0.1 million. The purchasers consisted of our Chief Executive Officer, Chief Financial Officer,
General Counsel and certain members of our Board of Directors.

On
March 13, 2023, pursuant to a subscription agreement dated as of March 13, 2023, we sold to our Chief Executive Officer 100,000 shares
of Common Stock, at $2.14 per share, for an aggregate purchase price of $0.2 million.

The
sales of our Common Stock described above were each undertaken in reliance upon an exemption from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2).

ITEM
6. RESERVED

ITEM
7.MANAGEMENT’S
                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion of our financial condition and results