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

Role
CEO, COB, Director, Director
Signature
/s/ Sarah Alexander, Attorney-in-Fact
Stock symbol
MVST
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
7/27/2021, 07:59 PM
Date Of Original Report
Jul 27, 2021
Next filing
Apr 6, 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 Earnout Rights Award +8.1M 8.1M Jul 23, 2021 Class A Common Stock 8.1M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Received in connection with the Merger and pursuant to the terms of the Merger Agreement.
F3 The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.