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

Role
COO & President, Microvast US
Signature
/s/ Sarah Alexander, Attorney-in-Fact
Stock symbol
MVST
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 09:25 PM
Next filing
Jun 16, 2022

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 Employee Stock Option (right to buy) Award +2.4M 2.4M Jul 23, 2021 Class A Common Stock 2.4M $6.28 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying this option vest one-third on each of the first, second and third anniversaries of the Merger.
F2 Received in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and among Tuscan Holdings Corp, TSCN Merger Sub Inc. and Microvast, Inc. ("Microvast"), dated February 1, 2021, in exchange for an employee stock option to acquire 15,000 shares of common stock of Microvast for $1,005.85 per share.