Stephen A. Vogel - Apr 11, 2022 Form 4/A - Amendment Insider Report for Microvast Holdings, Inc. (MVST)

Role
Director
Signature
/s/ Sarah Alexander, attorney-in-fact
Stock symbol
MVST
Transactions as of
Apr 11, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
6/28/2022, 07:44 PM
Date Of Original Report
Apr 13, 2022
Previous filing
Aug 6, 2021
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVST Common Stock Other -5.4M -100% 0 Apr 11, 2022 By Tuscan Holdings Acquisition LLC F1, F2
transaction MVST Common Stock Other +3.85M +2282.28% 4.02M Apr 11, 2022 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
transaction MVST Warrants Other -391K -100% 0 Apr 11, 2022 Common Stock 391K $11.50 By Tuscan Holdings Acquisition LLC F2, F3
transaction MVST Warrants Other +512 +0.34% 151K Apr 11, 2022 Common Stock 512 $11.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a transfer of an aggregate of 5,404,320 shares of common stock held by Tuscan Holdings Acquisition LLC, a Delaware limited liability company (the "Sponsor") in a pro rata distribution to its members, including 3,849,070 shares of common stock to the Reporting Person. As a member of the Sponsor who was entitled to a distribution of private placement shares in accordance with the Sponsor's operating agreement, the Reporting Person previously may have been deemed to be an indirect beneficial owner of the securities previously held directly by the Sponsor.
F2 The Reporting Person is the sole managing member of this entity.
F3 Represents a transfer of an aggregate of 391,012 warrants previously held by the Sponsor in a pro rata distribution to its members, including 512 warrants to the Reporting Person. As a member of the Sponsor who was entitled to a distribution of private placement warrants in accordance with the Sponsor's operating agreement, the Reporting Person previously may have been deemed to be an indirect beneficial owner of the securities previously held directly by the Sponsor.

Remarks:

1. The original Form 4, filed on April 13, 2022, is amended by this form solely to correct an administrative error which incorrectly calculated the number of shares of common stock and warrants received by the reporting person from the Sponsor following the distribution described herein.