4//SEC Filing
Mattis Wenjuan 4
Accession 0000947871-21-000812
CIK 0001760689other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 9:10 PM ET
Size
17.7 KB
Accession
0000947871-21-000812
Insider Transaction Report
Form 4
Mattis Wenjuan
Chief Technology Officer
Transactions
- Award
Class A Common Stock
2021-07-23+198,415→ 198,415 total - Award
Employee Stock Option (right to buy)
2021-07-23+142,987→ 142,987 totalExercise: $4.37Exp: 2026-01-07→ Class A Common Stock (142,987 underlying) - Award
Employee Stock Option (right to buy)
2021-07-23+818,812→ 818,812 totalExercise: $6.28Exp: 2030-07-27→ Class A Common Stock (818,812 underlying) - Award
Capped Restricted Stock Unit
2021-07-23+429,123→ 429,123 totalExercise: $6.28→ Class A Common Stock (429,123 underlying) - Award
Earnout Rights
2021-07-23+20,588→ 20,588 total→ Class A Common Stock (20,588 underlying) - Award
Employee Stock Option (right to buy)
2021-07-23+961,800→ 961,800 totalExercise: $6.28Exp: 2027-07-23→ Class A Common Stock (961,800 underlying)
Footnotes (9)
- [F1]Received in exchange for 1,238 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 Issuer's Class A Common Stock was $10.00.
- [F2]The shares underlying this option vest one-third on each of the first, second and third anniversaries of the Merger.
- [F3]Received in the Merger in exchange for an employee stock option to acquire 892 shares of common stock of Microvast for $700 per share.
- [F4]Received in the Merger in exchange for an employee stock option to acquire 6,000 shares of common stock of Microvast for $1,005.85 per share.
- [F5]Received in the Merger in exchange for an employee stock option to acquire 5,108 shares of common stock of Microvast for $1,005.85 per share.
- [F6]The Capped Restricted Stock Units convert into one share of Class A Common Stock on vesting and are subject to the same conditions and vesting schedule as stock options.
- [F7]Received in the Merger in exchange for the right to receive 2,677 shares of common stock of Microvast for $1005.85 per share.
- [F8]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.
- [F9]Received in connection with the Merger and pursuant to the terms of the Merger Agreement.
Documents
Issuer
Microvast Holdings, Inc.
CIK 0001760689
Entity typeother
Related Parties
1- filerCIK 0001874095
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 9:10 PM ET
- Size
- 17.7 KB