Performance stock grant boosts Microvast (MVST) CTO Wenjuan’s holdings

Rhea-AI Filing Summary

Mattis Wenjuan reported acquisition or exercise transactions in this Form 4 filing.

Microvast Holdings, Inc. Chief Technology Officer Mattis Wenjuan received 10,335 shares of common stock as a grant, with no cash paid per share. These shares were earned from performance stock units that vested based on achieving specified performance conditions over a defined performance period.

Following this award, Wenjuan directly holds 981,024 shares of Microvast common stock. The grant was certified by the company’s Compensation Committee on March 13, 2026, underscoring its link to previously established performance goals rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mattis Wenjuan

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,335	$0.00	--

Holdings After Transaction: Common Stock — 981,024 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Mattis Wenjuan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		A		10,335	A	(1)	981,024	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 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 13, 2026 based on achievement of the applicable performance conditions over the applicable performance period.

	/s/ Wenjuan Mattis	03/13/2026
	** 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

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

Microvast reported that Chief Technology Officer Mattis Wenjuan received 10,335 shares of common stock as an equity grant. The shares were earned from performance stock units tied to specified performance conditions over a defined performance period and certified on March 13, 2026.

Was the Microvast (MVST) CTO’s Form 4 transaction a stock purchase or compensation grant?

The Form 4 shows a compensation-related grant, not an open-market stock purchase. Mattis Wenjuan received 10,335 common shares at a price of $0.00 per share, earned from performance stock units after achievement of applicable performance conditions over the performance period.

How many Microvast (MVST) shares does the CTO hold after this Form 4 transaction?

After the reported transaction, Chief Technology Officer Mattis Wenjuan directly holds 981,024 shares of Microvast common stock. This total includes the 10,335 shares he received in the latest grant, which were earned based on performance stock unit vesting criteria certified on March 13, 2026.

What triggered the vesting of performance stock units for Microvast (MVST) CTO Wenjuan?

The vesting was triggered by achievement of performance conditions tied to performance stock units. The Compensation Committee certified on March 13, 2026 that the applicable performance goals over the relevant performance period had been met, resulting in the issuance of 10,335 shares of common stock to the CTO.

Does the Microvast (MVST) CTO’s Form 4 indicate any stock sales?

The Form 4 indicates only an acquisition of shares through a grant and no sales. The single reported transaction is coded as a grant or award acquisition of 10,335 common shares at $0.00 per share, increasing the CTO’s direct holdings to 981,024 shares in total.

How is the Microvast (MVST) CTO’s equity grant described in the Form 4 footnote?

The footnote explains the shares represent common stock earned from performance stock units. These units were certified by the Compensation Committee on March 13, 2026, after confirming that the applicable performance conditions were achieved over the designated performance period, leading to issuance of 10,335 shares.