Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 27

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 27
---
 2022, 2023, and 2024, we granted equity awards representing 
 a total of 21.9 million shares.                                                                                                            |

|                                      |     |         MicroVision 
 Annual Equity Usage |           |     |      |           |     |      |           |
|                                      |     |                2022 |           |     | 2023 |           |     | 2024 |           |
| Options Granted                      |     |                     |         - |     |      |         - |     |      |         - |
| RSUs/PSUs Granted                    |     |                     | 3,180,037 |     |      | 3,491,521 |     |      | 9,234,473 |
| Executive PRSUs Granted              |     |                     | 6,000,000 |     |      |         - |     |      |         - |
| Gross Grants (excluding forfeitures) |     |                     | 9,180,037 |     |      | 3,491,521 |     |      | 9,234,473 |

Summary of the 2022 Equity Incentive Plan

The following is a summary of the principal features
of the 2022 Incentive Plan and its operation. Other than as revised to reflect the Plan Amendment, the summary is the same as was disclosed
in the Proxy Statement for our 2022 Annual Meeting of Shareholders and is qualified in its entirety by reference to the 2022 Incentive
Plan as set forth in Appendix A.

General

MicroVision’s pioneering work requires top talent
and a highly motivated team. The purposes of the 2022 Incentive Plan are to attract and retain the best available personnel for positions
of substantial responsibility, to provide additional incentive to employees, directors and consultants who perform services for MicroVision,
and to promote the success of our business. These incentives are provided through the grant of stock options, restricted stock, restricted
stock units, stock appreciation rights, and performance awards.

Authorized Shares

Subject to the adjustment provisions contained in
the 2022 Incentive Plan, shareholders are being asked to approve the reservation of the following number of shares of our common stock
for issuance under the 2022 Incentive Plan: (a) 28.5 million shares plus (b) (i) any shares that, as of immediately prior to the
termination or expiration of the 2020 MicroVision, Inc. In