Microvast COO awarded stock, 1M options

Microvast Holdings, Inc. Chief Operating Officer Wu Shengxian reported multiple equity-based compensation awards.

Rhea-AI Filing Summary

Microvast Holdings, Inc. Chief Operating Officer Wu Shengxian reported multiple equity-based compensation awards. The latest Form 4 shows grants of common stock and cash-settled restricted and performance stock units tied to the value of Microvast common shares.

The filing also reports a prior grant of an employee stock option covering 1,000,000 shares of common stock at an exercise price of $1.2900 per share, vesting in three equal installments starting on November 8, 2025 and expiring on December 5, 2034. Following the most recent grant on March 13, 2026, Wu directly holds 233,799 shares of common stock.

Insider Trade Summary

Grant/Award: 1,293,799 shares

Grant/Award 7 txns

Insider Wu Shengxian

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,503	$0.00	$0.00
Grant/Award	Common Stock	60,000	$0.00	$0.00
Grant/Award	Common Stock	75,000	$0.00	$0.00
Grant/Award	Common Stock	100,000	$0.00	$0.00
Grant/Award	Common Stock	3,296	$0.00	$0.00
Grant/Award	Employee Stock Option (Right to Buy)	1,000,000	$0.00	$0.00
Grant/Award	Common Stock	40,000	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (Right to Buy) — 1,000,000 contracts (Direct); Common Stock — 233,799 shares (Direct)

Footnotes (7)

1. F1. Represents restricted stock units ("RSUs") granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on the first, second, and third anniversaries of the grant date.
2. F2. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of performance stock units ("PSUs"), as certified by the Compensation Committee of the Board of Directors of the Issuer on January 20, 2025, based on achievement of the applicable performance conditions over the applicable performance period.
3. F3. Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of December 31, 2025, 2026 and 2027, respectively.
4. F4. Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of June 5, 2026, 2027 and 2028, respectively.
5. F5. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, as certified by the Compensation Committee of the Board of Directors of the Issuer on March 2, 2026, based on achievement of the applicable performance conditions over the applicable performance period.
6. F6. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, 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.
7. F7. The shares of the Issuer's common stock underlying this stock option will vest in equal installments on each of November 8, 2025, 2026 and 2027.

FAQ

What did Microvast (MVST) COO Wu Shengxian report in this Form 4?

The Form 4 shows Wu Shengxian receiving multiple equity-based compensation awards, including common stock, cash-settled restricted and performance stock units, and a large employee stock option grant. These awards increase his economic exposure to Microvast’s common stock over several future vesting dates.

How many Microvast shares does the COO hold after the latest transaction?

After the March 13, 2026 grant, Chief Operating Officer Wu Shengxian directly holds 233,799 shares of Microvast common stock. This reported total reflects cumulative prior grants disclosed in the filing and provides context for his overall direct equity position in the company.

What are the key terms of the 1,000,000-share stock option granted to Microvast’s COO?

Wu received an employee stock option for 1,000,000 shares of common stock at an exercise price of $1.2900 per share. The option vests in three equal installments on November 8, 2025, November 8, 2026 and November 8, 2027, and expires on December 5, 2034.

How are the RSUs and PSUs in this Microvast Form 4 structured?

The RSUs each represent a contingent right to receive cash equal to the value of one Microvast share, vesting in three equal annual installments. The PSUs provide a contingent right to cash based on the value of shares earned, subject to performance conditions certified by the Compensation Committee.

Over what period do the newly reported Microvast RSU grants vest?

Certain RSU awards vest in three equal installments on December 31, 2025, 2026 and 2027, while others vest in three equal installments on June 5, 2026, 2027 and 2028. This schedule spreads the COO’s cash-settled equity compensation over several future years.

Does this Microvast Form 4 show any insider share sales by the COO?

No. All reported transactions are coded “A” for grant, award, or other acquisition, and the summary shows only acquisition-type entries. There are no open-market sales, tax-withholding dispositions, gifts, or other share disposals disclosed in this Form 4.

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Accepted by SEC EDGAR 03/19/2026 - 04:36 PM Learn about SEC filing dates

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^*

Wu Shengxian

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2023

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/31/2023		A		40,000	A	(1)	40,000	D
Common Stock	01/20/2025		A		3,296	A	(2)	16,629	D
Common Stock	01/23/2025		A		100,000	A	(3)	116,629	D
Common Stock	06/05/2025		A		75,000	A	(4)	158,296	D
Common Stock	03/02/2026		A		60,000	A	(5)	218,296	D
Common Stock	03/13/2026		A		15,503	A	(6)	233,799	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
Employee Stock Option (Right to Buy)	$1.29	12/05/2024		A		1,000,000		(7)	12/05/2034	Common Stock	1,000,000	$0	1,000,000	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs") granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on the first, second, and third anniversaries of the grant date.

2. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of performance stock units ("PSUs"), as certified by the Compensation Committee of the Board of Directors of the Issuer on January 20, 2025, based on achievement of the applicable performance conditions over the applicable performance period.

3. Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of December 31, 2025, 2026 and 2027, respectively.

4. Represents RSUs granted pursuant to the Plan. Each RSU represents a contingent right to receive cash equal to the value of one share of the Issuer's common stock. The RSUs vest in equal installments on each of June 5, 2026, 2027 and 2028, respectively.

5. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, as certified by the Compensation Committee of the Board of Directors of the Issuer on March 2, 2026, based on achievement of the applicable performance conditions over the applicable performance period.

6. Represents a contingent right to receive cash equal to the value of shares of the Issuer's common stock earned in respect of PSUs, 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.

7. The shares of the Issuer's common stock underlying this stock option will vest in equal installments on each of November 8, 2025, 2026 and 2027.

Remarks:

This Form 4 is being filed late due to administrative issues.

	/s/ Shengxian Wu	03/19/2026
	** 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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* Form 4: SEC 1474 (03-26)