Vuong Pham Nhat 4
4 · VinFast Auto Ltd. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
VinFast (VFS) CEO Vuong Pham Nhat Disposes Preference Shares
What Happened
- Vuong Pham Nhat, CEO of VinFast Auto Ltd. (VFS), reported dispositions on June 29, 2026 of three blocks of VFTP preference (derivative) shares held of record by Vingroup:
- 101,166,305 VFTP 2026 Series 1 preference shares (F1)
- 771,118,471 VFTP 2026 Series 3 preference shares (F3)
- 4,337,975,510 VFTP 2026 Series 5 preference shares (F4)
- These three disposals total 5,210,260,286 VFTP preference shares (price: N/A). The preference shares are exchangeable for VinFast ordinary shares at the stated rates (Series 1 & 3: 543.2 preference shares per ordinary share; Series 5: 1,281.1 preference shares per ordinary share), subject to approvals and conditions. If exchanged at those rates, the preference shares shown would represent roughly ~5.0 million ordinary-share equivalents (approximate).
- This filing reflects corporate restructuring actions and a termination agreement (see F2) and does not report open-market sales of VinFast common stock.
Key Details
- Transaction date: June 29, 2026. Report filed: July 1, 2026 (within the standard Form 4 reporting window).
- Transaction code: "J" — "other acquisition or disposition" of derivative securities (not a typical buy/sell on the open market). Price reported as N/A.
- Shares reported disposed: 5,210,260,286 VFTP preference shares in three series (counts above).
- Shares owned after transaction: The reported preference shares are held of record by Vingroup. The reporting person disclaims beneficial ownership of the securities held by Vingroup except to the extent of his pecuniary interest (F2). The Form 4 does not show a direct open-market position change in VinFast ordinary shares for the CEO.
- Notable footnotes:
- F1, F3, F4: Describe each VFTP series and the exchange rates to ordinary shares; none have expiration dates.
- F2: A termination agreement dated June 29, 2026 (part of restructuring completed June 30, 2026) terminated the prior share-exchange agreement covering these 5.210B VFTP preference shares held by Vingroup.
Context
- These entries are derivative/disposition filings related to corporate restructuring and record ownership by Vingroup — they are not the CEO selling common shares in the open market. They record changes in rights/ownership of preference shares that are exchangeable (subject to approvals) into ordinary shares.
- For retail investors, such filings are procedural and related to corporate restructuring; they do not necessarily signal the CEO's personal trading intent because the filing notes record ownership by Vingroup and a disclaimer of beneficial ownership by the reporting person.
Insider Transaction Report
Form 4
Vuong Pham Nhat
DirectorChief Executive Officer
Transactions
- Other
VFTP 2026 Series 1 Preference Shares
[F1][F2]2026-06-29−101,166,305→ 0 total(indirect: By Vingroup)From: 2026-06-19→ Ordinary Shares (186,241 underlying) - Other
VFTP 2026 Series 3 Preference Shares
[F3][F2]2026-06-29−771,118,471→ 0 total(indirect: By Vingroup)From: 2026-06-19→ Ordinary Shares (1,419,584 underlying) - Other
VFTP 2026 Series 5 Preference Shares
[F4][F2]2026-06-29−4,337,975,510→ 0 total(indirect: By Vingroup)From: 2026-06-19→ Ordinary Shares (3,386,133 underlying)
Footnotes (4)
- [F1]CPUD VFTP01 preference shares ("VFTP 2026 Series 1 Preference Shares") in the capital of VinFast Trading and Production Joint Stock Company ("VFTP"), a joint stock company organized in Vietnam. The VFTP 2026 Series 1 Preference Shares are exchangeable for the Issuer's ordinary shares at an exchange rate of 543.2 VFTP 2026 Series 1 Preference Shares to 1 ordinary share, subject to obtaining necessary approvals and other conditions. The VFTP 2026 Series 1 Preference Shares have no expiration date.
- [F2]In connection with the corporate restructuring completed by the Issuer on June 30, 2026, a termination agreement dated June 29, 2026 was entered into between Vingroup Joint Stock Company ("Vingroup") and the Issuer, pursuant to which the share exchange agreement governing the exchange of 5,210,260,286 VFTP preference shares held by Vingroup for ordinary shares of the Issuer was terminated. The VFTP preference shares reported herein are held of record by Vingroup, a public company listed on the Ho Chi Minh Stock Exchange, in which the Reporting Person, directly and through a majority-owned affiliate, holds a majority interest. The Reporting Person disclaims beneficial ownership of the securities held by Vingroup except to the extent of his pecuniary interest therein.
- [F3]CPUD VFTP03 preference shares ("VFTP 2026 Series 3 Preference Shares") in the capital of VFTP. The VFTP 2026 Series 3 Preference Shares are exchangeable for the Issuer's ordinary shares at an exchange rate of 543.2 VFTP 2026 Series 3 Preference Shares to 1 ordinary share, subject to obtaining necessary approvals and other conditions. The VFTP 2026 Series 3 Preference Shares have no expiration date.
- [F4]CPUD VFTP05 preference shares ("VFTP 2026 Series 5 Preference Shares") in the capital of VFTP. The VFTP 2026 Series 5 Preference Shares are exchangeable for the Issuer's ordinary shares at an exchange rate of 1,281.1 VFTP 2026 Series 5 Preference Shares to 1 ordinary share, subject to obtaining necessary approvals and other conditions. The VFTP 2026 Series 5 Preference Shares have no expiration date.
Signature
/s/ Le Thi Dieu My, attorney-in-fact|2026-07-01