Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 156

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 156
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 options. Share-based awards are accounted for by recognizing the fair value of share-based compensation expense on a straight-line
basis over the service period of the award, net of estimated forfeitures. The fair value of RSUs and PSUs is determined by the closing
price of common stock on the date of grant. The fair value of stock options is estimated on the grant date using the Black-Scholes option
pricing model. Changes in estimated inputs or using other option valuation methods may result in materially different option values and
share-based compensation expense.

The
following table summarizes the amount of share-based compensation expense by line item on the condensed consolidated statements of operations:

 SCHEDULE
OF SHARE-BASED COMPENSATION EXPENSE

    (in thousands) 
    2025  
    2024  
    2025  
    2024 

    Share-based compensation expense 
    Three Months Ended  
    Nine Months Ended 

    September 30,  
    September 30, 
  
    (in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Research and development expense 
    $833  
    $782  
    $1,862  
    $3,378 
  
    Sales, marketing, general and administrative expense 
     (2,436) 
     1,644  
     386  
     6,144 
  
    Total
    Share-based compensation expense 
    $(1,603) 
    $2,426  
    $2,248  
    $9,522 

During
the three months ended September 30, 2025, $4.2 million of expense previously recognized within sales, marketing, general and administrative
expense was reversed related to the forfeiture of awards in connection with the CEO separation that occurred during the same period.

Options
Activity and Positions

The
following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term, and aggregate intrinsic
value of options outstanding and options exercisable as of September 30, 2025 (in thousands, except per share data):

 SCHEDULE OF OPTIONS ACTIVITY AND POSITIONS

    Weighted-  

    Weighted-  
    Average  

    Average  
    Remaining  
    Aggregate 
  
    Options  
       
    Exercise  
    Contractual  
    Intrinsic