Mattis Wenjuan 4

What Happened

• Mattis Wenjuan, Chief Technology Officer of Microvast Holdings, sold 48,346 shares on May 18, 2026 at $1.32 per share, generating proceeds of approximately $63,817. The filing reports the sale was a "sell-to-cover" to satisfy tax withholding tied to the settlement of restricted stock units (RSUs) and performance stock units (PSUs).

Key Details

• Transaction date and price: May 18, 2026 — 48,346 shares sold at $1.32 each.
• Total proceeds: Approximately $63,817.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: Sale was to cover tax withholding obligations related to RSUs/PSUs granted under Microvast’s 2021 Equity Incentive Plan (reported as a "sell to cover").
• Filing date: Form 4 filed May 20, 2026; covers the May 18 transaction and appears to be filed within the normal reporting window.

Context

• This was a tax-withholding sale tied to equity award settlement, a common administrative transaction that does not necessarily indicate the insider’s broader view of the company. Purchases typically carry more interpretive weight for bullishness; routine sell-to-cover transactions are primarily for payroll/tax obligations.