Form 4 for MVST Microvast Holdings, Inc.

Accepted 2021-07-26 00:00:00 ET · period of report 2021-07-23 · accession 0000947871-21-000811 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-07-26	2021-07-23	MVST	Wu Yang	CEO, COB, Dir, 10%	A - Grant	—	+85.04M	85.04M	New	—
D	2021-07-26	2021-07-23	MVST	Wu Yang	CEO, COB, Dir, 10%	A - Grant	—	+8.82M	8.82M	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2021-07-23	A	A	85,036,953	—	85,036,953	D	—	—	(F1) Received in exchange for 530,582 shares of common stock of Microvast, Inc. ("Microvast") in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and between Tuscan Holdings Corp. ("Tuscan Holdings"), TSCN Merger Sub Inc. and Microvast, dated February 1, 2021 (the "Merger Agreement"), including the renaming of Tuscan Holdings to the Issuer (the "Merger"). On the effective date of the Merger, the closing price of the Issuer's Class A Common Stock was $10.00.
2	Derivative	Earnout Rights	2021-07-23	A	A	8,823,694	—	8,823,694	D	— · — to —	8,823,694 Class A Common Stock	(F2) Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.