Microvast (MVST) director sells 6,403 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Microvast Holdings, Inc. director and officer Tushe Isida reported two updates to her common stock holdings. On March 10, 2026, she acquired 15,503 shares at no cost, earned from performance stock units after the compensation committee certified performance results.
On June 9, 2026, she sold 6,403 shares of common stock at $1.24 per share in an open‑market transaction described as a “sell to cover” sale to satisfy tax withholding obligations related to restricted stock unit settlement under the 2021 Equity Incentive Plan. After these transactions, she directly holds 184,100 shares of Microvast common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,403 shares ($7,940)
Net Sell
2 txns
Insider
Tushe Isida
Role
Pres., Gen. Couns. & Corp. Sec
Sold
6,403 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,403 | $1.24 | $8K |
| Grant/Award | Common Stock | 15,503 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 184,100 shares (Direct, null)
Footnotes (1)
- Represents shares of the Issuer's common stock earned in respect of performance stock units, as certified by the Compensation Committee of the Board of Directors of the Issuer on March 10, 2026 based on achievement of the applicable performance conditions over the applicable performance period. Represents shares of the Issuer's common stock sold by the Reporting Person in a "sell to cover" transaction to cover tax withholding obligations in connection with the settlement of restricted stock units granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan.
Key Figures
Shares sold: 6,403 shares
Sale price: $1.24 per share
Awarded shares: 15,503 shares
+2 more
5 metrics
Shares sold
6,403 shares
Open-market sale on June 9, 2026 at $1.24 per share
Sale price
$1.24 per share
Price for 6,403 common shares sold June 9, 2026
Awarded shares
15,503 shares
Common stock earned from performance stock units on March 10, 2026
Post-transaction holdings
184,100 shares
Direct common stock ownership after reported transactions
Net shares sold
6,403 shares
Net buy/sell shares across reported transactions
Key Terms
performance stock units, restricted stock units, sell to cover, 2021 Equity Incentive Plan
4 terms
performance stock units financial
"Represents shares of the Issuer's common stock earned in respect of performance stock units, as certified by the Compensation Committee..."
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.
restricted stock units financial
"tax withholding obligations in connection with the settlement of restricted stock units granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan."
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.
sell to cover financial
"Represents shares of the Issuer's common stock sold by the Reporting Person in a "sell to cover" transaction to cover tax withholding obligations..."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
2021 Equity Incentive Plan financial
"restricted stock units granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan."
FAQ
What insider transactions did Tushe Isida report for Microvast (MVST)?
Tushe Isida reported an award of 15,503 Microvast shares on March 10, 2026, from performance stock units, and a sale of 6,403 shares on June 9, 2026 at $1.24 per share to cover related tax obligations.