Microvast CTO sells shares to cover RSU taxes

Microvast Holdings, Inc. Chief Technology Officer Wenjuan Mattis reported a small share sale tied to equity compensation.

Rhea-AI Filing Summary

Microvast Holdings, Inc. Chief Technology Officer Wenjuan Mattis reported a small share sale tied to equity compensation. On this Form 4, Mattis sold 4,705 shares of common stock at $1.10 per share in a “sell to cover” transaction. According to the footnote, the sale was made to cover tax withholding obligations arising from the settlement of restricted stock units granted under the Microvast Holdings, Inc. 2021 Equity Incentive Plan. After this tax-related disposition, Mattis directly holds 927,973 shares of Microvast common stock.

Insider Trade Summary

Net Seller: 4,705 shares

Net Sell 1 txn

Insider Mattis Wenjuan

Role Chief Technology Officer

Sold 4,705 shs ($5K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,705	$1.10	$5K

Holdings After Transaction: Common Stock — 927,973 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares sold: 4,705 shares Sale price: $1.10 per share Post-transaction holdings: 927,973 shares

3 metrics

Shares sold 4,705 shares Common stock sold in tax-related transaction on June 10, 2026

Sale price $1.10 per share Price received for Microvast common stock in sell-to-cover sale

Post-transaction holdings 927,973 shares Direct ownership of Microvast common stock after reported sale

Key Terms

sell to cover, restricted stock units, Equity Incentive Plan

3 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.

Equity Incentive Plan financial

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

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Microvast (MVST) report for Wenjuan Mattis?

Wenjuan Mattis reported a small share sale. The Microvast Chief Technology Officer sold 4,705 shares of common stock at $1.10 per share in a transaction reported on Form 4, related to equity compensation tax obligations.

How many Microvast (MVST) shares did Wenjuan Mattis sell and at what price?

Mattis sold 4,705 Microvast shares at $1.10 each. The transaction involved common stock and was recorded as an open-market sale, with the proceeds used to satisfy tax withholding on vested restricted stock units.

Why did Wenjuan Mattis sell Microvast (MVST) shares in this Form 4 filing?

The sale was to cover tax withholding obligations. The footnote explains the 4,705 shares were sold in a “sell to cover” transaction connected to the settlement of restricted stock units granted under Microvast’s 2021 Equity Incentive Plan.

How many Microvast (MVST) shares does Wenjuan Mattis hold after the transaction?

Mattis holds 927,973 shares after the sale. Following the 4,705-share disposition, the Form 4 shows direct ownership of 927,973 shares of Microvast common stock, indicating the transaction affected only a small portion of the overall position.

Is the Wenjuan Mattis Microvast (MVST) transaction a discretionary sale or tax-related?

The transaction is tax-related, not purely discretionary. The filing notes the shares were sold in a “sell to cover” transaction specifically to satisfy tax withholding obligations tied to restricted stock unit settlement under the company’s 2021 equity plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 04:37 PM EDT 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

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^*

Mattis Wenjuan

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		S		4,705	D	$1.1(1)	927,973	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 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/ Wenjuan Mattis	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)