Vuong Pham Nhat 4

What Happened
VinFast CEO Vuong Pham Nhat reported an other acquisition (code J) of 1,000,000,000 VFTP Series 5 Preference Shares of VinFast Trading and Product JSC (a VinFast subsidiary) on 2026-03-30. No price or cash value was reported on the Form 4; the instrument is a derivative preference share rather than a regular open-market purchase.

Key Details

• Transaction date: 2026-03-30; Form 4 filed: 2026-04-06. The filing came 7 days after the reported transaction (Form 4s are typically due within 2 business days), so this appears later than the usual deadline.
• Transaction code: J (Other acquisition/disposition). Price: N/A; reported as a derivative acquisition.
• Instrument acquired: 1,000,000,000 VFTP Series 5 Preference Shares (subsidiary preference shares).
• Exchangeability: Per footnote F1, each 10.1 VFTP Series 5 Preference Shares can be exchanged for 1 VinFast ordinary share, subject to approvals and other conditions. That implies the 1,000,000,000 preference shares would be exchangeable into roughly 99.01 million ordinary shares (1,000,000,000 / 10.1) if and when exchanged.
• Shares owned after transaction: not specified in the filing.
• Other note: The VFTP Series 5 Preference Shares have no expiration date and are exchangeable only upon satisfying necessary approvals/conditions.

Context
This is an acquisition of a subsidiary-level, exchangeable preference instrument rather than a direct purchase of VinFast ordinary shares. Such derivative instruments can convert into ordinary shares and therefore have potential dilution effects if exchanged, but conversion here is conditional and not automatic. No cash amount, exercise price, or immediate sale of underlying shares was reported, so this filing does not show an open-market buy/sell of VinFast common stock.