Zachariah Ward - Feb 24, 2023 Form 3 Insider Report for Microvast Holdings, Inc. (MVST)

Role
President, Microvast Energy
Signature
/s/ Zachariah Ward
Stock symbol
MVST
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
3
Date filed
3/6/2023, 03:09 PM
Previous filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MVST Common Stock 163K Feb 24, 2023 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
holding MVST Stock Options (Right to Buy) Feb 24, 2023 Common Stock 500K $2.42 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 75,000 restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan (the "Plan") that vest in equal one-third installments on each of the first, second and third anniversaries of January 31, 2023, (ii) 75,000 RSUs granted pursuant to the Plan that vest on January 31, 2026 and (iii) 8,424 RSUs granted pursuant to the Plan that vest in equal installments on the second and third anniversaries of January 31, 2022, in each case subject to the Reporting Person's continued service with the Issuer on the applicable vesting date.
F2 The shares underlying this option vest in equal one-third installments on each of the first, second and third anniversaries of the grant date.