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

Role
CEO, Microvast China
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, 08:19 PM
Date Of Original Report
Jul 27, 2021
Next filing
Feb 14, 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 +160K 160K Jul 23, 2021 Class A Common Stock 160K $6.28 Direct F1, F2, F3
transaction MVST Employee Stock Option (right to buy) Award +641K 641K Jul 23, 2021 Class A Common Stock 641K $6.28 Direct F1, F2, F4
transaction MVST Employee Stock Option (right to buy) Award +481K 481K Jul 23, 2021 Class A Common Stock 481K $6.28 Direct F1, F2, F5
transaction MVST Capped Restricted Stock Unit Award +143K 143K Jul 23, 2021 Class A Common Stock 143K $6.28 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an administrative error, which misreported the conversion or exercise price of derivative security as $6.82.
F2 The shares underlying this option vest one-third on the first, second and third anniversaries of the Merger.
F3 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 (the "Merger"), in exchange for an employee stock option to acquire 1,000 shares of common stock of Microvast for $1,005.85 per share.
F4 Received in the Merger in exchange for an employee stock option to acquire 4,000 shares of common stock of Microvast for $1,005.85 per share.
F5 Received in the Merger in exchange for an employee stock option to acquire 3,000 shares of common stock of Microvast for $1,005.85 per share.
F6 The Capped Restricted Stock Units convert into one share of Common Stock on vesting and are subject to the same conditions and vesting schedule as stock options.
F7 Received in the Merger in exchange for the right to receive 892 shares of common stock of Microvast for $1005.85 per share.