Microvast CTO sells shares to cover tax on awards

Microvast Holdings, Inc. Chief Technology Officer Mattis Wenjuan reported an open-market sale of 48,346 shares of common stock at $1.32 per share.

Rhea-AI Filing Summary

Microvast Holdings, Inc. Chief Technology Officer Mattis Wenjuan reported an open-market sale of 48,346 shares of common stock at $1.32 per share. According to the footnote, these shares were sold solely to cover tax withholding obligations tied to the settlement of restricted and performance stock units under the company’s 2021 Equity Incentive Plan. After this transaction, Wenjuan directly holds 932,678 shares of Microvast common stock.

Insider Trade Summary

Net Seller: 48,346 shares

Net Sell 1 txn

Insider Mattis Wenjuan

Role Chief Technology Officer

Sold 48,346 shs ($64K)

Type	Security	Shares	Price	Value
Sale	Common Stock	48,346	$1.32	$64K

Holdings After Transaction: Common Stock — 932,678 shares (Direct)

Footnotes (1)

1. F1. The sales reported on this line represent shares of the Issuer's common stock sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units and performance stock units granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.

Key Figures

Shares sold: 48,346 shares Sale price: $1.32 per share Shares held after transaction: 932,678 shares

3 metrics

Shares sold 48,346 shares Common Stock, open-market sale to cover tax withholding

Sale price $1.32 per share Price for the 48,346 common shares sold

Shares held after transaction 932,678 shares Direct ownership by CTO Mattis Wenjuan following the sale

Key Terms

restricted stock units, performance stock units, 2021 Equity Incentive Plan, "sell to cover" transaction

4 terms

restricted stock units financial

"in connection with the settlement of restricted stock units and performance stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance stock units financial

"in connection with the settlement of restricted stock units and performance stock units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

2021 Equity Incentive Plan financial

"granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan"

"sell to cover" transaction financial

"to be funded by a "sell to cover" transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Microvast (MVST) report for CTO Mattis Wenjuan?

Microvast reported that CTO Mattis Wenjuan sold 48,346 shares of common stock at $1.32 per share. The filing states the sale was executed to cover tax withholding obligations from recently settled equity awards.

Why did Microvast (MVST) CTO Mattis Wenjuan sell 48,346 shares?

The filing explains the 48,346 shares were sold to satisfy tax withholding obligations. These obligations arose from the settlement of restricted stock units and performance stock units granted under Microvast’s 2021 Equity Incentive Plan using a "sell to cover" transaction.

What is Mattis Wenjuan’s remaining Microvast (MVST) shareholding after this Form 4?

After the tax-related sale, CTO Mattis Wenjuan directly holds 932,678 shares of Microvast common stock. This post-transaction ownership figure is disclosed in the Form 4 and reflects his continuing equity stake in the company.

Was the Microvast (MVST) insider sale an open-market transaction?

Yes. The Form 4 classifies the event as an open-market sale of common stock at $1.32 per share. The footnote clarifies the sale’s purpose was to fund tax withholding on vested restricted and performance stock units.

Are the Microvast (MVST) CTO’s sales related to compensation or discretionary selling?

The filing links the sale directly to compensation-related tax obligations. It states the shares were sold in connection with the settlement of restricted and performance stock units, using a "sell to cover" approach to pay required withholding taxes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/20/2026 - 07:28 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mattis Wenjuan

(Last) (First) (Middle)

12603 SOUTHWEST FREEWAY

SUITE 300

(Street)

STAFFORD TEXAS 77477

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Microvast Holdings, Inc. [ MVST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		S		48,346	D	$1.32(1)	932,678	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this line represent shares of the Issuer's common stock sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units and performance stock units granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.

	/s/ Wenjuan Mattis	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)