Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 147

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 147
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 for Ibeo business combination on the consolidated balance sheet in the amount
of $6.3 million included $3.3 million that was withheld from the Purchase Price and held in escrow for a maximum period of 13 months
post-Closing as partial security for potential claims arising out of or in connection with the Asset Purchase Agreement and a $3.0 million
holdback. Both were settled during the year ended December 31, 2024.

9.
SHARE-BASED COMPENSATION

The
Company issues share-based compensation to employees in the form of restricted stock units (RSUs), performance stock units (PSUs), and
stock options. The following table summarizes the amount of share-based compensation expense by line item on the consolidated statements
of operations:

 SCHEDULE
OF SHARE-BASED COMPENSATION EXPENSE 

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Research and development expense 
     3,973  
     6,531  
     6,933 
  
    Sales, marketing, general and administrative expense 
     7,562  
     9,610  
     8,528 
  
    Total Share-based compensation
    expense 
    $11,535  
    $16,141  
    $15,461 

    53

Options
Activity and Positions

The
following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term, and aggregate intrinsic
value of options outstanding and options exercisable as of December 31, 2024 (in thousands, except per share data):

 SCHEDULE OF OPTIONS ACTIVITY AND POSITIONS  

    Weighted-average  
    Aggregate 

    remaining  
    intrinsic 

    Weighted-average  
    contractual  
    value 
  
    Options 
    Shares  
    exercise price  
    term (in years)  
    (thousands) 
  
    Outstanding as of December 31, 2021 
     1,533  
    $1.37  
     5.6  
    $5,645 
  
    Granted 
     -  
     -  

    Exercised 
     (525) 
     1.38  

    Forfeited or