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Microvast Holdings, Inc.·4

Mar 19, 4:36 PM ET

Wu Shengxian 4

4 · Microvast Holdings, Inc. · Filed Mar 19, 2026

Research Summary

AI-generated summary of this filing

Updated

Microvast (MVST) COO Wu Shengxian Receives Equity Awards

What Happened

  • Wu Shengxian, Chief Operating Officer of Microvast Holdings, received multiple awards/grants (code A) between 2023 and 2026 totaling 1,293,799 contingent share units. These include RSUs and PSUs that are cash‑settled (each unit represents a right to receive cash equal to the value of one share upon vesting) and one large derivative award of 1,000,000 units reported at $0.00 consideration. No open‑market purchases or sales were reported — these are compensation awards, not buys or disposals.

Key Details

  • Grants reported (date : shares : price/consideration):
    • 2023-01-31: 40,000 units — N/A (RSUs, F1; vest in equal installments on 1st/2nd/3rd anniversaries)
    • 2024-12-05: 1,000,000 units — $0.00 (Derivative; see F7 — underlying option/vesting schedule referenced)
    • 2025-01-20: 3,296 units — N/A (PSUs certified 1/20/2025, F2)
    • 2025-01-23: 100,000 units — N/A (RSUs, F3; vest in equal installments Dec 31, 2025/2026/2027)
    • 2025-06-05: 75,000 units — N/A (RSUs, F4; vest in equal installments Jun 5, 2026/2027/2028)
    • 2026-03-02: 60,000 units — N/A (PSUs certified 3/2/2026, F5)
    • 2026-03-13: 15,503 units — N/A (PSUs certified 3/13/2026, F6)
  • Total contingent units reported: 1,293,799.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Notable footnotes: awards are cash‑settled RSUs/PSUs under the 2021 Equity Incentive Plan; vesting schedules and performance certifications are detailed in footnotes F1–F6. F7 references an option vesting schedule.
  • Filing timeliness: Form 4 was filed late due to administrative issues (timeliness flag L).

Context

  • These are derivative/award grants (not open‑market trades). Cash‑settled RSUs/PSUs mean the grantee is entitled to receive cash equal to the value of shares when/if units vest or performance is certified — no immediate share transfers.
  • Awards to executives are common as compensation; they do not directly indicate buying or selling sentiment. The late filing is noted by the company as administrative; late Form 4s can draw attention but do not change the nature of the grants.

Insider Transaction Report

Form 4
Period: 2023-01-31
Microvast Holdings, Inc.MVST
Wu Shengxian
Chief Operating Officer
Transactions
  • Award

    Common Stock

    [F1]
    2023-01-31+40,000→ 40,000 total
  • Award

    Common Stock

    [F2]
    2025-01-20+3,296→ 16,629 total
  • Award

    Common Stock

    [F3]
    2025-01-23+100,000→ 116,629 total
  • Award

    Common Stock

    [F4]
    2025-06-05+75,000→ 158,296 total
  • Award

    Common Stock

    [F5]
    2026-03-02+60,000→ 218,296 total
  • Award

    Common Stock

    [F6]
    2026-03-13+15,503→ 233,799 total
  • Award

    Employee Stock Option (Right to Buy)

    [F7]
    2024-12-05+1,000,000→ 1,000,000 total
    Exercise: $1.29Exp: 2034-12-05→ Common Stock (1,000,000 underlying)
Footnotes (7)
  • [F1]Represents restricted stock units ("RSUs") granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on the first, second, and third anniversaries of the grant date.
  • [F2]Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of performance stock units ("PSUs"), as certified by the Compensation Committee of the Board of Directors of the Issuer on January 20, 2025, based on achievement of the applicable performance conditions over the applicable performance period.
  • [F3]Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of December 31, 2025, 2026 and 2027, respectively.
  • [F4]Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of June 5, 2026, 2027 and 2028, respectively.
  • [F5]Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, as certified by the Compensation Committee of the Board of Directors of the Issuer on March 2, 2026, based on achievement of the applicable performance conditions over the applicable performance period.
  • [F6]Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, as certified by the Compensation Committee of the Board of Directors of the Issuer on March 13, 2026, based on achievement of the applicable performance conditions over the applicable performance period.
  • [F7]The shares of the Issuer's common stock underlying this stock option will vest in equal installments on each of November 8, 2025, 2026 and 2027.
Signature
/s/ Shengxian Wu|2026-03-19

Documents

1 file
  • 4
    ownership.xmlPrimary