Wenjuan Mattis - Jul 23, 2022 Form 4 Insider Report for Microvast Holdings, Inc. (MVST)

Role: Chief Technology Officer (CTO)
Signature: /s/ Wenjuan Mattis
Stock symbol: MVST
Transactions as of: Jul 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/29/2024, 05:35 PM
Previous filing: Jul 26, 2021
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MVST	Common Stock	Options Exercise	$0	+143K	+52.32%	$0.00	416K	Jul 23, 2022	Direct
transaction	MVST	Common Stock	Options Exercise	$0	+143K	+34.35%	$0.00	559K	Jul 23, 2023	Direct

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	Capped Restricted Stock Units	Options Exercise		-143K	-33.33%		286K	Jul 23, 2022	Common Stock	143K	$6.28	Direct	F1, F2
transaction	MVST	Capped Restricted Stock Units	Options Exercise		-143K	-50%		143K	Jul 23, 2023	Common Stock	143K	$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	Capped restricted stock units convert into one share of the issuer's common stock in equal installments on the first, second and third anniversaries of July 23, 2021.
F2	Received in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and between Tuscan Holdings Corp., TSCN Merger Sub Inc. and Microvast, Inc., dated February 1, 2021, in exchange for the right to receive 2,677 shares of common stock of Microvast, Inc. for $1,005.85 per share.