Management Change/Compensation (Form 8-K)

On January 5, 2026, Kopin Corporation (the "Company"), upon approval and recommendation by the compensation committee of the Board of Directors of the Company (the "Committee"), granted Mr. Michael Murray, the Company's Chief Executive Officer and Chairman of the Board, 583,658 shares of restricted stock (the "Shares") and an option to purchase 724,638 shares of the Company's common stock, par value $0.01, at an exercise price of $3.21 per share under the Company's 2020 Equity Incentive Plan, representing a 25% premium to the closing price of the Company's common stock on January 5, 2026. The Shares cliff vest four years from date of grant (January 5, 2026) and the options vest quarterly over a four-year period from the date of grant subject to Mr. Murray remaining with the Company and being in compliance with his employment agreement. The Shares and options are subject to a double-trigger change-in-control provision.

On January 5, 2026, the Company granted upon approval and recommendation by the Committee, Mr. Paul Baker, the Company's Chief Operating Officer, 72,000 shares of restricted stock. 34% of the Shares shall vest on December 10, 2026, 33% shall vest on December 10, 2027, and 33% shall vest on December 10, 2028, in each case subject to Mr. Baker's continued service to the Company on the applicable vesting date. The award is subject to restrictions pursuant to the terms of the Company's 2020 Equity Incentive Plan.