Worthen Rodney 4

What Happened Rodney Worthen, Chief Financial Officer of Microvast Holdings (MVST), received two RSU awards (15,000 RSUs on 2025-08-10 and 85,714 RSUs on 2026-01-09) totaling 100,714 restricted stock units (each RSU represents the right to one share). He also disposed of 2,671 shares in an automatic sell-to-cover transaction on 2025-11-25 at $3.48 per share, generating about $9,295. The RSUs are awards (acquisitions) that vest over multi-year schedules rather than open-market purchases.

Key Details

• Transactions:
  • 2025-08-10: Award of 15,000 RSUs (F1). Vest in equal installments on Aug 10, 2026, 2027 and 2028.
  • 2025-11-25: Sale of 2,671 shares at $3.48/share for $9,295 (F2) — sell-to-cover for tax withholding, not a discretionary sale.
  • 2026-01-09: Award of 85,714 RSUs (F3). Vest in equal installments on Jan 9, 2027, 2028 and 2029.
• Shares owned after transaction: Not reported in this filing.
• Footnotes: F1/F3 = RSUs under the 2021 Equity Incentive Plan (each converts to one share on vesting). F2 = automatic sell-to-cover to satisfy tax withholding.
• Filing timeliness: Form 4 filed Jan 29, 2026; the report covers transactions back to Aug 10, 2025, and appears to have been filed late.

Context RSU grants are common long-term compensation and vest over future dates; they are acquisitions but do not represent immediate share purchases on the open market. The November sale was an automatic tax-withholding transaction (sell-to-cover) and therefore should not be interpreted as a discretionary sell signal by the CFO.