VinFast (VFS) CEO Vuong Pham Nhat Acquires 500M Derivative Shares

What Happened

• Vuong Pham Nhat, CEO of VinFast (VFS), reported an acquisition-type transaction on 2026-06-30 for 500,000,000 derivative shares described as VFVN Series 5 Preference Shares. No purchase price or cash amount was reported. These preference shares are exchangeable into VinFast ordinary shares at a rate of 2.209 VFVN Series 5 Preference Shares to 1 ordinary share, subject to approvals and conditions.

Key Details

• Transaction date: 2026-06-30; Form filed: 2026-07-17 (filing appears late relative to the usual 2-business-day Form 4 deadline).
• Security: CPUD VFVN05 preference shares ("VFVN Series 5 Preference Shares") — recorded as a derivative acquisition (Form 4 code J).
• Price/amount: Price not disclosed (N/A).
• Potential underlying ordinary shares if fully exchanged: ~226.3 million VinFast ordinary shares (500,000,000 ÷ 2.209), subject to approvals and conversion conditions.
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnote: The VFVN Series 5 Preference Shares are held of record by Vingroup (a public company in which the reporting person, directly and via a majority-owned affiliate, holds a majority interest). The reporting person disclaims beneficial ownership of the shares held by Vingroup except to the extent of any pecuniary interest.

Context

• These are not direct common-share purchases of VinFast stock but an acquisition/reporting of preference shares in a VinFast Vietnam subsidiary that are exchangeable into VinFast ordinary shares if conditions and approvals are met. Because the reporting person disclaims beneficial ownership of the shares held by Vingroup (except for any pecuniary interest), this filing primarily documents a derivative/indirect position rather than a straightforward open-market buy. The late filing reduces disclosure timeliness for investors.