Pan Yixin 4

What Happened

• Pan Yixin, a director of Microvast Holdings, Inc. (MVST), was granted 37,500 restricted stock units (RSUs) on January 1, 2026. The filing reports this as an award/grant (transaction code A) with no purchase price (N/A). Each RSU represents a contingent right to one share of common stock and will vest on December 31, 2026, subject to the reporting person’s continued service.

Key Details

• Transaction date: 2026-01-01; transaction type/code: Award/Grant (A); price: N/A (RSU award).
• Shares granted: 37,500 RSUs (each converts to one share upon vesting).
• Vesting: December 31, 2026, contingent on continued service (per footnote F1 and the issuer’s non-employee director compensation policy).
• Shares owned following the transaction: not disclosed in the provided filing.
• Filing date: 2026-02-17 (filed ~47 days after the grant); this is not timely under the SEC’s typical two-business-day Form 4 reporting rule.

Context

• RSU awards to directors are commonly part of standard compensation and do not represent an open‑market purchase or sale. They vest later and only convert to shares if service conditions are met, so they are not an immediate bullish or bearish signal by themselves. For retail investors, outright purchases or sales by insiders tend to be more directly informative about sentiment; awards often reflect routine compensation.