Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 242

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 242
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In
September 2021, we entered into a lease on approximately 16,681 square feet of space located in Redmond, Washington that we use primarily
for product testing and lab space. The lease provides for an initial term of 128 months that commenced November 1, 2021.

In
September 2021, we entered into a second lease on approximately 36,062 square feet of space located in Redmond, Washington that we use
primarily for general office space. The lease provides for an initial term of 120 months and commenced on December 1, 2022.

In
December 2023, we entered into a lease on approximately 60,000 square feet of space located in Hamburg, Germany that we will use primarily
for general office space and product testing. The lease provides for an initial term of 60 months and commenced on November 1, 2024.

We
believe that our facilities are adequate to meet our needs for the immediate future, and that, should it be needed, suitable additional
or substitute space will be available to accommodate any such expansion of our operations. For a further description of our leased properties,
see Part II, Item 8, Note 10. Leases, of the notes to our consolidated financial statements, which is incorporated by reference
in response to this item.

ITEM
3. LEGAL PROCEEDINGS

We
are subject to various claims and pending or threatened lawsuits in the normal course of business. We are not currently party to any
other legal proceedings that management believes are reasonably possible to have a material adverse effect on our financial position,
results of operations or cash flows.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
4A. EXECUTIVE OFFICERS OF THE REGISTRANT

Executive
officers are appointed by our Board of Directors and hold office until their successors are elected and duly qualified. The following
persons serve as executive officers of MicroVision, Inc.:

Sumit
Sharma, age 51, was appointed Chief Executive Officer in February 2020 and served as Chief Operating Officer from June 2018 to February
2020, after serving as Vice President of Product Engineering and Operations since February 2017 and Vice President and Senior Director
of Operations since September 2015. Prior to MicroVision, from April 2015 to September 2015, he was a Product Development and Operations
consultant at BlueMadison Consulting. From