Vuong Pham Nhat 4

What Happened

• Vuong Pham Nhat, CEO of VinFast Auto Ltd. (VFS), reported multiple "other" derivative transactions (code J) on June 19, 2026 involving CPUD preference shares (exchangeable preference securities) held of record by related entities. The Form 4 shows aggregated dispositions of 5,558,672,454 derivative preference shares and aggregated acquisitions of 5,558,672,454 derivative preference shares — netting to zero overall.
• Transactions had no cash price listed (N/A) because these were exchanges/reclassifications of preference-share instruments rather than open-market buys or sales. Major individual line items include dispositions such as ~4.54B and ~807.5M preference shares and acquisitions such as ~4.34B and ~771.1M preference shares.

Key Details

• Transaction date: June 19, 2026; Form 4 filed June 22, 2026 (timely filed).
• Total disposed: 5,558,672,454 derivative preference shares; total acquired: 5,558,672,454 — net zero change.
• Price: N/A (derivative/preference-share reclassification; no cash consideration reported).
• Shares owned after transaction: Not specified in the provided excerpt; many of the preference shares are held of record by Vingroup (see footnote F2) and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Notable footnotes: Transactions involve several series of CPUD preference shares in VFTP and VFVN that are exchangeable into VinFast ordinary shares at varying exchange rates (examples: 4.5:1, 1.7:1, 0.204:1 up to 1,281.1:1). Footnote F2 explains a corporate restructuring (announced May 12, 2026) that reallocated certain VFTP preference shares to VFVN; many preference shares are held of record by Vingroup.
• Filing timeliness: Reported on June 22, 2026 for June 19 transactions — appears timely under Form 4 rules.

Context

• Code J ("other acquisition or disposition") and the equal gross acquired/disposed totals indicate these were internal reclassifications or exchange/reallocation of preference-share instruments related to the issuer/subsidiaries, not open-market trading by the CEO.
• These preference shares are convertible/exchangeable into ordinary VinFast shares subject to approvals and the specific series' exchange rates; because exchange rates differ by series, the reported preference-share counts do not directly equal ordinary shares without applying the applicable conversion ratios.
• The reporting person disclaims beneficial ownership of securities held by Vingroup except to the extent of any pecuniary interest — this suggests the transactions reflect corporate/subsidiary bookkeeping and restructuring more than a personal investment decision by the CEO.