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MicroVision Announces Inducement Grant Pursuant to Nasdaq Listing Rule 5635(c)(4)

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MicroVision (NASDAQ:MVIS) has announced the granting of 1.3 million restricted stock units (RSUs) to their newly appointed Chief Technology Officer, Glen W. DeVos, as part of his employment inducement package. The RSUs will vest over a four-year period, with 25% vesting annually on March 31 from 2026 through 2029, contingent upon DeVos's continued employment with the company. The grant, issued on April 2, 2025, falls under the Company's 2025 Inducement Equity Incentive Plan.

MicroVision (NASDAQ:MVIS) ha annunciato l'assegnazione di 1,3 milioni di unità azionarie vincolate (RSU) al suo nuovo Chief Technology Officer, Glen W. DeVos, come parte del pacchetto di incentivazione per il suo impiego. Le RSU matureranno nel corso di un periodo di quattro anni, con il 25% che matura annualmente il 31 marzo dal 2026 al 2029, a condizione che DeVos continui a lavorare per l'azienda. L'assegnazione, emessa il 2 aprile 2025, rientra nel Piano di Incentivazione Azionaria 2025 della Società.

MicroVision (NASDAQ:MVIS) ha anunciado la concesión de 1,3 millones de unidades de acciones restringidas (RSUs) a su nuevo Director de Tecnología, Glen W. DeVos, como parte de su paquete de incentivos laborales. Las RSUs se consolidarán durante un período de cuatro años, con un 25% consolidándose anualmente el 31 de marzo desde 2026 hasta 2029, sujeto a la continuación del empleo de DeVos en la empresa. La concesión, emitida el 2 de abril de 2025, se enmarca en el Plan de Incentivos de Capital 2025 de la Compañía.

MicroVision (NASDAQ:MVIS)는 새로 임명된 최고 기술 책임자 Glen W. DeVos에게 130만 개의 제한 주식 단위(RSU)를 제공한다고 발표했습니다. 이는 그의 고용 유도 패키지의 일환입니다. RSU는 4년 동안 단계적으로 부여되며, 2026년부터 2029년까지 매년 3월 31일에 25%가 부여됩니다. 이는 DeVos가 회사에 계속 재직하는 것을 조건으로 합니다. 이 부여는 2025년 4월 2일에 이루어졌으며, 회사의 2025 유도 자본 인센티브 계획에 포함됩니다.

MicroVision (NASDAQ:MVIS) a annoncé l'octroi de 1,3 million d'unités d'actions restreintes (RSU) à son nouveau directeur technique, Glen W. DeVos, dans le cadre de son package d'incitation à l'emploi. Les RSU seront acquises sur une période de quatre ans, avec 25 % acquises chaque année le 31 mars de 2026 à 2029, sous réserve que DeVos continue à travailler pour l'entreprise. L'octroi, émis le 2 avril 2025, fait partie du Plan d'Incitation au Capital 2025 de la Société.

MicroVision (NASDAQ:MVIS) hat die Gewährung von 1,3 Millionen eingeschränkten Aktieneinheiten (RSUs) an seinen neu ernannten Chief Technology Officer Glen W. DeVos als Teil seines Einstellungsanreizpakets bekannt gegeben. Die RSUs werden über einen vierjährigen Zeitraum fällig, wobei 25% jährlich am 31. März von 2026 bis 2029 fällig werden, vorausgesetzt, DeVos bleibt weiterhin im Unternehmen beschäftigt. Die Gewährung, die am 2. April 2025 erteilt wurde, fällt unter den Equity Incentive Plan 2025 des Unternehmens.

Positive
  • Successful recruitment of new Chief Technology Officer strengthens executive team
Negative
  • 1.3 million RSUs grant represents potential future dilution for shareholders

REDMOND, WA / ACCESS Newswire / April 2, 2025 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that on April 2, 2025, it granted 1.3 million restricted stock units to Glen W. DeVos, the Company's newly appointed Chief Technology Officer, as a material inducement to his employment. These restricted stock units, or RSUs, are scheduled to vest over a four-year period, with 25% vesting on each of March 31, 2026, 2027, 2028, and 2029, subject to his continued service to the Company on each vesting date. The RSUs are subject to the terms and conditions of the Company's 2025 Inducement Equity Incentive Plan.

About MicroVision

MicroVision drives global adoption of innovative perception solutions to make mobility and autonomy safer. Fueled by engineering excellence in Redmond, Washington and Hamburg, Germany, MicroVision develops and supplies an integrated solution built on its perception software stack, incorporating application software and processing data from differentiated sensor systems. MicroVision's proprietary technology solutions deliver enhanced safety for a variety of industrial applications, including robotics, automated warehouse, and agriculture, and the automotive industry accelerating advanced driver-assistance systems (ADAS) and autonomous driving, as well as for military applications. With deep roots in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software, MicroVision has the expertise to deliver safe mobility at the speed of life.

For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.

MicroVision, MAVIN, MOVIA, and MOSAIK are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
MVIS@darrowir.com

Media Contact
Marketing@MicroVision.com

SOURCE: MicroVision, Inc



View the original press release on ACCESS Newswire

FAQ

How many restricted stock units (RSUs) did MicroVision (MVIS) grant to their new CTO?

MicroVision granted 1.3 million restricted stock units to their new CTO Glen W. DeVos.

What is the vesting schedule for the MVIS RSUs granted to Glen DeVos?

The RSUs vest over four years, with 25% vesting annually on March 31 from 2026 through 2029.

When did MicroVision (MVIS) appoint Glen DeVos as CTO?

Glen DeVos was appointed as MicroVision's new CTO, with the RSU grant announced on April 2, 2025.

What conditions are attached to the MVIS RSU grant for their new CTO?

The RSUs are subject to DeVos's continued service with the company on each vesting date and the terms of the 2025 Inducement Equity Incentive Plan.
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