Yanzhuan Zheng - 14 Apr 2022 Form 4 Insider Report for Microvast Holdings, Inc. (MVST)

Role
Former Chief Financial Officer, Director
Signature
/s/ Sarah Alexander, attorney-in-fact
Issuer symbol
MVST
Transactions as of
14 Apr 2022
Transactions value $
$0
Form type
4
Filing time
18 Apr 2022, 21:52:14 UTC
Previous filing
26 Jul 2021
Next filing
03 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVST Common Stock Options Exercise $0 +2.86M +913.94% $0.00 3.17M 14 Apr 2022 Direct F1
transaction MVST Common Stock Tax liability $0 -861K -27.12% $0.00 2.31M 14 Apr 2022 Direct F2

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 $0 -2.86M -100% $0.00* 0 14 Apr 2022 Common Stock 2.86M $6.28 Direct F1
holding MVST Stock Options (Right to Buy) 1.12M 14 Apr 2022 Common Stock 1.12M $6.28 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vesting schedule of the capped restricted stock units held by the reporting person was accelerated in connection with the reporting person's separation from service and entry into a transition consulting services agreement on April 14, 2022.
F2 The shares of common stock underlying the capped RSUs were forfeited and the fair market value on the date of vest was paid to the reporting person in cash pursuant to the capped RSU award agreement.
F3 The vesting schedule of the stock options held by the reporting person was accelerated in connection with the reporting person's separation from service and entry into a transition consulting services agreement on April 14, 2022. The stock options became exercisable immediately and will remain exercisable until until three months following the termination of his transition services in accordance with the terms and conditions of the stock option award agreement.