Microvast Holdings, Inc. — Director's Dealing 2021

Jul 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Microvast Holdings, Inc. (MVST)
CIK: 0001760689
Period of Report: 2021-07-23

Reporting Person: Vogel Stephen A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-23	Common Stock	J	1964269	—	Disposed	5404320	Indirect
2021-07-23	Common Stock	C	150000	$10	Acquired	150000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-23	Warrants	$11.5	J	167577	Disposed		Common Stock (167577)	Indirect
2021-07-23	Convertible Promissory Note	$10	A		Acquired		Units (150000)	Direct
2021-07-23	Convertible Promissory Notes	$10	C	150000	Disposed		Units (150000)	Direct
2021-07-23	Warrants	$11.5	C	150000	Acquired		Common Stock (150000)	Direct

Footnotes

F1: Represents the pro rata distribution of securities from Tuscan Holdings Acquisition LLC to a member.

F2: The reporting person is the sole managing member of this entity.

F3: The warrants will become exercisable 30 days after completion of the Issuer's initial business combination.

F4: The warrants expire on the fifth anniversary of the completion of the Issuer's initial business combination.

F5: The promissory note was convertible, at the holder's option, upon the closing of the Issuer's initial business combination, into 150,000 units, each unit consisting of 1 share of common stock and 1 warrant. The aggregate principal amount of notes not so converted would be repaid upon the closing of the Issuer's initial business combination.

F6: Upon the completion of the Issuer's initial business combination, each unit was split into 1 share of common stock and 1 warrant.