Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 76

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 76
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Stock Activity and Positions

The
following table summarizes activity and positions with respect to RSUs and PSUs for the years ended December 31, 2024, 2023 and 2022
(in thousands, except per share data):

 SCHEDULE OF ACTIVITY AND POSITIONS WITH RESPECT TO RSUs AND PSUs

    Weighted-average 

    Shares  
    price 
  
    Unvested as of December 31, 2021 
     2,625  
    $13.05 
  
    Granted 
     9,180  
     2.46 
  
    Vested 
     (1,391) 
     9.16 
  
    Forfeited 
     (1,548) 
     6.42 
  
    Unvested as of December 31, 2022 
     8,866  
     3.85 
  
    Granted 
     3,491  
     3.89 
  
    Vested 
     (1,872) 
     6.98 
  
    Forfeited 
     (502) 
     7.47 
  
    Unvested as of December 31, 2023 
     9,983  
     3.09 
  
    Granted 
     9,234  
     1.26 
  
    Vested 
     (5,437) 
     3.63 
  
    Forfeited 
     (1,767) 
     2.65 
  
    Unvested as of December 31, 2024 
     12,013  
    $1.51 

During
the year ended December 31, 2024, the Company granted 5,384,000 shares to non-executive employees for annual and short-term incentive
awards. Additionally, the Company granted 80,000 shares to non-executive employees for new hire grants. These shares are valued based
on the closing price of common stock on the dates of grant and vest immediately or over three or four years.

During
the year ended December 31, 2024, the Company granted 3,771,000 shares to executive employees and directors for annual, short-term incentive,
and long-term incentive awards. These shares are valued based on the closing price of common stock on the dates of grant and vest immediately,
over one year