Mattis Wenjuan 4

What Happened
Mattis Wenjuan, Chief Technology Officer of Microvast Holdings, received an award of 10,335 shares on March 13, 2026. The filing reports an acquisition via award (transaction code A); no per-share price or total value is provided. The award represents common stock earned under performance stock units that were certified by the Compensation Committee.

Key Details

• Transaction date: 2026-03-13 (award/grant, code A)
• Shares acquired: 10,335; price: N/A; total value: N/A (not disclosed)
• Shares owned after transaction: not specified in the provided filing data
• Footnote: These shares were earned in respect of performance stock units, certified by the board’s Compensation Committee on March 13, 2026 based on achievement of applicable performance conditions.
• Filing timeliness: Form 4 filed on the same date as the reported acquisition (timely)
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding event in the provided information

Context
Performance stock units (PSUs) are compensation that convert to shares when the company meets specified performance targets; they reflect achievement of goals and are commonly used for executive pay and retention. This award increases the CTO’s stake but should be viewed as compensation earned rather than an open‑market purchase or sale.