Microvast (MVST) director Ying Wei receives new restricted stock unit awards

Rhea-AI Filing Summary

Ying Wei reported acquisition or exercise transactions in this Form 4 filing.

Microvast Holdings, Inc. director Ying Wei reported two equity awards of common stock in the form of restricted stock units granted under the company’s non-employee director compensation policy. These are compensation grants rather than open-market purchases or sales.

The first award covers 37,500 restricted stock units, each representing a right to receive one share of common stock, vesting on December 31, 2026, contingent on continued board service. The second award covers 30,357 restricted stock units, vesting in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, also subject to continued service.

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

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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^*

Ying Wei

(Last) (First) (Middle)

12603 SOUTHWEST FREEWAY

SUITE 300

(Street)

STAFFORD TX 77477

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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

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

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

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	01/01/2026		A		37,500	A	(1)	338,432	D
Common Stock	01/01/2026		A		30,357	A	(2)	368,789	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. Represents restricted stock units granted to the Reporting Person in accordance with the Issuer's non-employee director compensation policy. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest on December 31, 2026, subject to the Reporting Person's continued service through such date.

2. Represents restricted stock units granted to the Reporting Peron in accordance with the Issuer's non-employee director compensation policy. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest in equal parts on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, subject to the Reporting Person's continued service through such date.

	/s/ Wei Ying	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Microvast (MVST) director Ying Wei report?

Microvast director Ying Wei reported receiving two grants of restricted stock units as equity compensation, not open-market trades. One award covers 37,500 units vesting on December 31, 2026, and another covers 30,357 units vesting in four installments during 2026, subject to continued service.

Are Ying Wei’s Microvast (MVST) restricted stock units an open-market stock purchase?

No, Ying Wei’s reported transactions are equity awards, not open-market purchases. They are restricted stock units granted under Microvast’s non-employee director compensation policy, each unit representing a contingent right to one share of common stock, vesting over time with continued board service.

When do Ying Wei’s 37,500 Microvast (MVST) restricted stock units vest?

The 37,500 restricted stock units granted to Ying Wei vest on December 31, 2026. Vesting is contingent on continued service as a non-employee director through that date, meaning the shares are only delivered if Wei remains in the board role until then.

What is the vesting schedule for Ying Wei’s 30,357 Microvast (MVST) restricted stock units?

The 30,357 restricted stock units vest in four equal parts on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. Each vesting date requires Ying Wei to continue serving as a non-employee director through that specific date.

Does Ying Wei pay cash for the Microvast (MVST) restricted stock unit awards?

No cash price is associated with these restricted stock unit awards. The Form 4 shows a price per share of 0.0000, reflecting that they are compensation grants awarded under Microvast’s non-employee director policy rather than shares bought in the market for cash.

How many Microvast (MVST) shares does Ying Wei own after these grants?

Following the reported grants, the Form 4 shows 338,432 shares after the first award and 368,789 shares after the second, both listed as directly owned. These figures include the impact of the newly granted restricted stock units reported in the filing.