Vuzix Corp — Director's Dealing 2025

Jan 6, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vuzix Corp (VUZI)
CIK: 0001463972
Period of Report: 2025-01-02

Reporting Person: Russell Grant (Director, CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-02	Restricted Stock Unit	$	A	118211	Acquired		Common Stock (118211)	Direct
2025-01-02	Options (Right to Buy)	$19	J	1750000	Disposed	2033-03-17	Common Stock (1750000)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.

F2: The RSUs and cancellation of the options are subject to shareholder approval to be obtained at the Company's 2025 shareholder meeting. Upon and subject to such shareholder approval, the grant of the RSUs will be effective and the options issued to the Reporting Person on March 17, 2021 will simultaneously terminate. Subject to the foregoing, 50% (59,105) of the RSUs will vest in 3 years from the date of grant, and the remaining 50% (59,105) will vest solely upon achievement of certain performance results goals and not simply the passage of time. This remaining 50% may increase to up to 125% of such amount (73,881 RSUs) subject to achievement of certain results.

F3: 125,000 options vested immediately, and the remainder were to vest solely upon achievement of certain market capitalization and operating results goals and not simply the passage of time. As set forth in footnote (2) above, the options will terminate subject to and upon shareholder approval.