Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On July 7, 2021, the Compensation Committee of the Board of Directors of MicroVision, Inc. (the "Company") approved certain compensation arrangements for its Chief Financial Officer, Stephen P. Holt. Specifically, the Compensation Committee approved an annual base salary of $280,000, effective January 1, 2021, payable in accordance with the Company's standard payroll practices, a one-time cash bonus of $200,000, payable immediately, and a long-term equity award comprised of 90,000 restricted stock units, or RSUs, scheduled to vest in three equal installments of each of the first, second, and third anniversaries of grant. The RSU award is to be granted pursuant to the 2020 MicroVision, Inc. Incentive Plan and subject to the terms and conditions of that plan and the award agreement thereunder.

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