Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 157

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 157
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    Shares  
    Price  
    Term (years)  
    Value 
  
    Outstanding as of September 30, 2025  
     666  
    $1.43  
     2.0  
    $160 

    Exercisable as of September 30, 2025  
     666  
    $1.43  
     2.0  
    $160 

As
of September 30, 2025, there was no unrecognized share-based employee compensation related to stock
options. 

Restricted
Stock Activity and Positions

The
following table summarizes activity and positions with respect to RSUs and PSUs for the nine months ended September 30, 2025 (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, 2024 ¹  
     12,913  
    $1.53 
  
    Granted   
     12,002  
     1.16 
  
    Vested  
     (3,234) 
     1.65 
  
    Forfeited  
     (7,524) 
     1.33 
  
    Unvested as of September 30, 2025  
     14,157  
    $1.29 

1The number of unvested
RSUs and PSUs and the weighted-average price as of December 31, 2024 reported in this Note has been adjusted to 12,913 from 12,013 and
to $1.53 from $1.51, respectively, as reported in Note 9 of the Notes to Consolidated Financial Statements included in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2024, due to the correction of an administrative error. The correction resulted
in no change to the previously issued financial statements and the Company deems the administrative error not material from a quantitative
or qualitative perspective.

    19

During
the nine months ended September 30, 2025, the Company granted 2,640,000 shares to non-executive employees for annual and short-term incentive
awards. These shares are valued based on the closing price of common