Yang Wu - 23 Jul 2021 Form 4 Insider Report for Microvast Holdings, Inc. (MVST)

Role
CEO, COB, Director, Director, 10%+ Owner
Signature
/s/ Sarah Alexander, Attorney-in-Fact
Issuer symbol
MVST
Transactions as of
23 Jul 2021
Net transactions value
$0
Form type
4
Filing time
26 Jul 2021, 21:07:17 UTC
Next filing
06 Apr 2022
SEC
View on sec.gov

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Quoteable Key Fact

"Yang Wu filed Form 4 for Microvast Holdings, Inc. (MVST) on 26 Jul 2021."

Quick Takeaways

  • This page summarizes Yang Wu's Form 4 filing for Microvast Holdings, Inc. (MVST).
  • 2 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 26 Jul 2021, 21:07.

What Changed

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVST Class A Common Stock Award +85,036,953 85,036,953 23 Jul 2021 Direct F1

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 MVST Earnout Rights Award +8,823,694 8,823,694 23 Jul 2021 Class A Common Stock 8,823,694 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 530,582 shares of common stock of Microvast, Inc. ("Microvast") in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and between Tuscan Holdings Corp. ("Tuscan Holdings"), TSCN Merger Sub Inc. and Microvast, dated February 1, 2021 (the "Merger Agreement"), including the renaming of Tuscan Holdings to the Issuer (the "Merger"). On the effective date of the Merger, the closing price of the Issuer's Class A Common Stock was $10.00.
F2 Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.
F3 Received in connection with the Merger and pursuant to the terms of the Merger Agreement.

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