Wu Shengxian 4

4 · Microvast Holdings, Inc. · Filed Jul 26, 2021

Form 4

Period: 2021-07-23

CEO - Microvast China

Transactions

Award
Employee Stock Option (right to buy)
2021-07-23+480,900→ 480,900 total
Exercise: $6.82Exp: 2030-12-24→ Class A Common Stock (480,900 underlying)
Award
Employee Stock Option (right to buy)
2021-07-23+160,300→ 160,300 total
Exercise: $6.82Exp: 2027-07-23→ Class A Common Stock (160,300 underlying)
Award
Capped Restricted Stock Unit
2021-07-23+142,987→ 142,987 total
Exercise: $6.82→ Class A Common Stock (142,987 underlying)
Award
Employee Stock Option (right to buy)
2021-07-23+641,200→ 641,200 total
Exercise: $6.82Exp: 2030-07-27→ Class A Common Stock (641,200 underlying)

Footnotes (6)

[F1]The shares underlying this option vest one-third on each of the first, second and third anniversaries of the Merger.
[F2]Received in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and among Tuscan Holdings Corp, TSCN Merger Sub Inc. and Microvast, Inc. ("Microvast"), dated February 1, 2021 (the "Merger"), in exchange for an employee stock option to acquire 1,000 shares of common stock of Microvast for $1,005.85 per share.
[F3]Received in the Merger in exchange for an employee stock option to acquire 4,000 shares of common stock of Microvast for $1,005.85 per share.
[F4]Received in the Merger in exchange for an employee stock option to acquire 3,000 shares of common stock of Microvast for $1,005.85 per share.
[F5]The Capped Restricted Stock Units convert into one share of Common Stock on vesting and are subject to the same conditions and vesting schedule as stock options.
[F6]Received in the Merger in exchange for the right to receive 892 shares of common stock of Microvast for $1005.85 per share

Documents

1 file