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

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 25
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, may negatively impact the business by reducing the cash available to reinvest into the business.

Our Board believes that the Plan Amendment is in the
best interests of the company in order to continue to successfully attract and retain key personnel responsible for the successful execution
of our go-to-market strategy and to motivate all employees to increase shareholder value, and recommends that our shareholders vote to
approve the Plan Amendment.

If our shareholders do not approve the Plan Amendment,
the 2022 Incentive Plan will remain in effect but will have insufficient shares reserved for issuance to achieve our ongoing incentive,
recruiting, and retention objectives. Consequently, without shareholder approval of the Plan Amendment, we believe our ability to motivate,
retain, and recruit the individuals necessary to drive our performance and increase long-term shareholder value will be impaired. We
therefore believe that shareholder approval of the amendment to the 2022 Incentive Plan is critical to our success.

| THE BOARD RECOMMENDS THAT YOU VOTE “FOR” AN 
 AMENDMENT TO THE 2022                       
 MICROVISION, INC. EQUITY INCENTIVE PLAN     |

| 18 |

Key Features of Plan Amendment

| ● | The Plan Amendment is limited to an increase in shares reserved. |

| ○ | The                                                                                     
 Plan Amendment seeks our shareholders’ approval to authorize an additional twelve       
 million shares of our common stock reserved for issuance under the 2022 Incentive Plan. |

| ● | All other features of the 2022 Incentive Plan remain unchanged, including: |

| ○ | Types of Awards: The Plan continues to permit the award of options, stock appreciation rights, restricted 
 stock, restricted stock units, and performance awards.                                                    |

| ○ | Plan Administration: A committee of independent directors will continue to administer the 2022 Incentive 
 Plan.                                                                                                    |

| ○ | Dividend Restrictions on Unvested Shares: If dividends or other distributions with respect to unvested                                   
 shares of restricted stock are paid in shares, the shares will be subject to the same restrictions on transferability and forfeitability 
 as the shares of restricted stock with respect to which they were paid.                                                                  |

| ○ | Annual Compensation Limit for Non-Employee Directors: The Plan continues to impose an annual compensation 
 limit each fiscal year.                                                                                   |

| ○ | No Compensation Limits for Other Participants: The Plan does not contain compensation limits for other 
 participants who are not non-employee directors.                                                       |

| ○