Peter Jameson - 02 Jan 2025 Form 4 Insider Report for Vuzix Corp (VUZI)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VUZI	Restricted Stock Unit	Award	$0	+112K		$0.00	112K	02 Jan 2025	Common Stock	112K		Direct	F1, F2
transaction	VUZI	Options (Right to Buy)	Other	$0	-270K	-100%	$0.00	0	02 Jan 2025	Common Stock	270K	$19.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
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% (55,821) of the RSUs will vest in 3 years from the date of grant, and the remaining 50% (55,821) 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 (69,776 RSUs) subject to achievement of certain results.
F3	The options 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.