Microvast (MVST) director Pan Yixin records Form 4 sale of common stock

Rhea-AI Filing Summary

Microvast Holdings, Inc. director Pan Yixin reported selling common stock in two transactions on December 31, 2025. The Form 4 shows open-market sales of 11,935 shares at a price of $2.76 per share and 661 shares at $2.78 per share. After these sales, Pan beneficially owns 130,739 shares of Microvast common stock, held as direct ownership.

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

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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).

X

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^*

Pan Yixin

(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)
12/31/2025

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	12/31/2025		S		11,935	D	$2.76	131,400	D
Common Stock	12/31/2025		S		661	D	$2.78	130,739	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:

	/s/ Yixin Pan	01/16/2026
	** 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.

FAQ

Who is the insider in this Microvast (MVST) Form 4 filing?

The insider is Pan Yixin, who is reported as a director of Microvast Holdings, Inc. and is not listed as a 10% owner or officer in this filing.

What Microvast (MVST) stock transactions did Pan Yixin report?

Pan Yixin reported two open-market sales of common stock on December 31, 2025, coded as transaction type S (sale).

How many Microvast (MVST) shares did Pan Yixin sell and at what prices?

The Form 4 discloses sales of 11,935 shares of Microvast common stock at $2.76 per share and 661 shares at $2.78 per share.

How many Microvast (MVST) shares does Pan Yixin own after the reported sales?

After the reported transactions, Pan Yixin beneficially owns 130,739 shares of Microvast common stock, according to the Form 4 data.

Is Pan Yixin’s ownership in Microvast (MVST) direct or indirect?

The filing indicates direct (D) ownership for the reported Microvast common stock holdings, with no nature of indirect beneficial ownership specified.

Does this Microvast (MVST) Form 4 involve any derivative securities?

The provided Form 4 data lists only non-derivative common stock transactions, and no derivative securities are reported as acquired or disposed of.