Microvast (MVST) director receives 20,000 restricted stock units grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Pan Yixin reported acquisition or exercise transactions in this Form 4 filing.

Microvast Holdings, Inc. director Pan Yixin received an equity award in the form of 20,000 shares of common stock on a grant basis. The award represents restricted stock units granted under the company’s non-employee director compensation policy at a price of $0.00 per share. Each restricted stock unit corresponds to one share of common stock and will vest on December 31, 2026, subject to continued board service through that date. Following this grant, Pan Yixin directly holds a total of 188,239 shares of Microvast common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pan Yixin

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,000	$0.00	--

Holdings After Transaction: Common Stock — 188,239 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 20,000 shares Grant price: $0.00 per share Post-grant holdings: 188,239 shares +1 more

4 metrics

RSUs granted 20,000 shares Restricted stock units granted to director on April 1, 2026

Grant price $0.00 per share Reported transaction price for RSU grant

Post-grant holdings 188,239 shares Total common shares directly held after grant

Vesting date December 31, 2026 RSUs vest if director continues service through this date

Key Terms

restricted stock units, non-employee director compensation policy, contingent right, vest

4 terms

restricted stock units financial

"Represents restricted stock units granted to the Reporting Person in accordance with the Issuer's non-employee director compensation policy."

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.

non-employee director compensation policy financial

"Represents restricted stock units granted to the Reporting Person in accordance with the Issuer's non-employee director compensation policy."

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."

vest financial

"The restricted stock units vest on December 31, 2026, subject to the Reporting Person's continued service through such date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 06:42 PM

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^*

Pan Yixin

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		A		20,000	A	⁽¹⁾	188,239	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

	/s/ Yixin Pan	04/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Microvast (MVST) disclose for Pan Yixin?

Microvast disclosed that director Pan Yixin received 20,000 restricted stock units of common stock as a grant under the non-employee director compensation policy. These units were awarded at no cash cost and increase the director’s direct shareholdings in the company.

How many shares did Pan Yixin hold after this Microvast (MVST) grant?

After the award, Pan Yixin directly holds 188,239 shares of Microvast common stock. This total includes the newly granted 20,000 restricted stock units, which each represent a right to receive one share when they vest in the future.

What are the vesting terms of Pan Yixin’s 20,000 Microvast (MVST) restricted stock units?

The 20,000 restricted stock units vest on December 31, 2026, if Pan Yixin continues to serve as a director through that date. Until vesting, the award represents a contingent right to receive an equal number of common shares.

Was Pan Yixin’s Microvast (MVST) equity award a market purchase or a grant?

The filing describes the transaction as a grant or award acquisition, not a market purchase. The restricted stock units were issued at a reported price of $0.00 per share as part of Microvast’s non-employee director compensation policy.

What does each restricted stock unit represent in the Microvast (MVST) award to Pan Yixin?

Each restricted stock unit represents a contingent right to receive one share of Microvast common stock. The units convert into actual shares only upon vesting, which in this case is scheduled for December 31, 2026, subject to continued service.