4//SEC Filing
Wu Yang 4
Accession 0000947871-21-000811
CIK 0001760689other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 9:07 PM ET
Size
8.1 KB
Accession
0000947871-21-000811
Insider Transaction Report
Form 4
Wu Yang
DirectorChief Executive Officer10% Owner
Transactions
- Award
Class A Common Stock
2021-07-23+85,036,953→ 85,036,953 total - Award
Earnout Rights
2021-07-23+8,823,694→ 8,823,694 total→ Class A Common Stock (8,823,694 underlying)
Footnotes (3)
- [F1]Received in exchange for 530,582 shares of common stock of Microvast, Inc. ("Microvast") in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and between Tuscan Holdings Corp. ("Tuscan Holdings"), TSCN Merger Sub Inc. and Microvast, dated February 1, 2021 (the "Merger Agreement"), including the renaming of Tuscan Holdings to the Issuer (the "Merger"). On the effective date of the Merger, the closing price of the Issuer's Class A Common Stock was $10.00.
- [F2]Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.
- [F3]Received in connection with the Merger and pursuant to the terms of the Merger Agreement.
Documents
Issuer
Microvast Holdings, Inc.
CIK 0001760689
Entity typeother
Related Parties
1- filerCIK 0001874005
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 9:07 PM ET
- Size
- 8.1 KB