Mattis Wenjuan 4/A
4/A · Microvast Holdings, Inc. · Filed Jul 27, 2021
Insider Transaction Report
Form 4/AAmended
Mattis Wenjuan
Chief Technology Officer
Transactions
- Award
Earnout Rights
2021-07-23+18,896→ 18,896 total→ Class A Common Stock (18,896 underlying)
Footnotes (3)
- [F1]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.
- [F2]Received in connection with the Merger and pursuant to the terms of the Merger Agreement.
- [F3]The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.