Company: MVIS
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001641172-25-006436
Chunk: 67

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 67
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 the acquiring company. Mr. Verma and Ms.
Markham do not hold any options. In addition, 100% of each named executive officer’s restricted stock units will become fully vested
upon a change of control of the company if they are not assumed. The 2022 PRSUs granted to each of the named executive officers’
are not entitled to any vesting in connection with a change of control unless the specific stock price targets are achieved.

CEO Pay Ratio

The following is a reasonable estimate, prepared under
applicable SEC rules, of the ratio of the annual total compensation of Sumit Sharma, our Chief Executive Officer, compared to the median
of the annual total compensation of our other employees.

Pursuant to SEC rules, for 2024 we used the same median
employee as had been identified in 2023, the year that our global headcount grew substantially in connection with the acquisition of Ibeo.
We determined our median employee in 2023 based on base salary (annualized in the case of full- and part-time employees who joined the
company during 2023), bonus, including one-time cash payments and the grant date fair value of equity awards paid or granted during fiscal
year 2023 of each of our employees (excluding Mr. Sharma) as of December 31, 2023. All amounts paid in foreign currencies were converted
to U.S. dollars based on the annual exchange rate average for the year.

The annual total compensation of our median employee
for 2024 including base salary, bonus, and equity grant was $102,846. Mr. Sharma’s total compensation for 2024, including base salary,
bonus, and equity grant as reported in the Summary Compensation Table was $6,524,977.

Based on the foregoing, our estimate of the ratio
of the annual total compensation of our Chief Executive Officer to the median of the annual total compensation of all other employees
was 63.4 to 1. Given the different methods that other public companies may use to determine an estimated pay ratio, the estimated ratio
reported above should not be used as a basis for comparison between companies.

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Pay Versus Performance

As required by Item 402(v) of Regulation S-K (for
smaller reporting companies), we are providing the following information about the relationship between executive compensation actually
paid and our financial performance for each of the last three completed fiscal years. In determining the “compensation actually
paid” to our named executive