Was Wu Yang’s Microvast (MVST) share sale a discretionary open-market sale?

No, the filing states the 46,313-share sale at $1.24 was a “sell to cover” transaction. It was executed to cover tax withholding obligations arising from restricted stock unit settlement under Microvast’s 2021 Equity Incentive Plan, rather than a purely discretionary open-market liquidation.

How does the Form 4 describe the purpose of Wu Yang’s Microvast (MVST) share sale?

A footnote explains the 46,313-share sale was to cover tax withholding obligations. It occurred in connection with settlement of restricted stock units granted under the Microvast Holdings, Inc. 2021 Equity Incentive Plan, indicating a compensation-driven, tax-related disposition rather than a voluntary portfolio adjustment.

Microvast (MVST) CEO Wu Yang sells 46,313 shares in tax-related RSU transaction

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Microvast Holdings, Inc. Chief Executive Officer Wu Yang reported an insider transaction involving the company’s common stock. On June 9, 2026, he sold 46,313 shares at $1.24 per share in a “sell to cover” trade to satisfy tax withholding tied to the settlement of restricted stock units under the Microvast Holdings, Inc. 2021 Equity Incentive Plan. After this disposition, he directly holds 134,065,439 shares of common stock and indirectly holds 1,000,000 shares through his son, who shares the reporting person’s household. The transaction is compensation- and tax-related rather than a discretionary open-market sale.

Insider Trade Summary

Net Seller: 46,313 shares ($57,428)

Net Sell 2 txns

Insider Wu Yang

Role Chief Executive Officer

Sold 46,313 shs ($57K)

Type	Security	Shares	Price	Value
Sale	Common Stock	46,313	$1.24	$57K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 134,065,439 shares (Direct, null); Common Stock — 1,000,000 shares (Indirect, By son (shares Reporting Person's household))

Footnotes (1)

[object Object]

Key Figures

Shares sold: 46,313 shares Sale price: $1.24 per share Direct holdings after transaction: 134,065,439 shares +1 more

4 metrics

Shares sold 46,313 shares Common Stock, transaction on June 9, 2026

Sale price $1.24 per share Sell-to-cover transaction for tax withholding

Direct holdings after transaction 134,065,439 shares Common Stock held directly by Wu Yang

Indirect holdings 1,000,000 shares Held by son, shares reporting person’s household

Key Terms

sell to cover, restricted stock units, 2021 Equity Incentive Plan, indirect ownership

4 terms

sell to cover financial

"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.

restricted stock units financial

"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.

2021 Equity Incentive Plan financial

"granted pursuant to the Microvast Holdings, Inc. 2021 Equity Incentive Plan"

indirect ownership financial

"By son (shares Reporting Person's household)"

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:32 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^*

Wu Yang

(Last)

(First)

(Middle)

2929 BRIARPARK DRIVE

SUITE 400

(Street)

HOUSTON

TEXAS

77042

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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	06/09/2026		S		46,313	D	$1.24⁽¹⁾	134,065,439	D
Common Stock								1,000,000	I	By son (shares Reporting Person's household)

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 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.

	/s/ Yang Wu	06/12/2026
	** 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) CEO Wu Yang report?

Wu Yang reported selling 46,313 shares of Microvast common stock at $1.24 per share. The sale was a “sell to cover” transaction, executed to satisfy tax withholding obligations related to the settlement of restricted stock units granted under the company’s 2021 Equity Incentive Plan.

How many Microvast (MVST) shares does Wu Yang hold after the reported transaction?

Following the transaction, Wu Yang directly holds 134,065,439 shares of Microvast common stock. He also indirectly holds 1,000,000 additional shares through his son, who shares his household, as indicated in the filing’s ownership details and holding entry disclosure.

What is the nature of Wu Yang’s indirect ownership in Microvast (MVST)?

The filing notes an indirect holding of 1,000,000 Microvast common shares categorized as “By son (shares Reporting Person's household).” This reflects shares held by Wu Yang’s son, treated as indirect beneficial ownership because the son is part of the reporting person’s household.