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: Wu Shengxian (CEO, Microvast China)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-23	Employee Stock Option (right to buy)	$6.82	A	160300	Acquired	2027-07-23	Class A Common Stock (160300)	Direct
2021-07-23	Employee Stock Option (right to buy)	$6.82	A	641200	Acquired	2030-07-27	Class A Common Stock (641200)	Direct
2021-07-23	Employee Stock Option (right to buy)	$6.82	A	480900	Acquired	2030-12-24	Class A Common Stock (480900)	Direct
2021-07-23	Capped Restricted Stock Unit	$6.82	A	142987	Acquired		Class A Common Stock (142987)	Direct

Footnotes

F1: The shares underlying this option vest one-third on each of the first, second and third anniversaries of the Merger.

F2: Received in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and
among Tuscan Holdings Corp, TSCN Merger Sub Inc. and Microvast, Inc. ("Microvast"), dated February 1, 2021 (the
"Merger"), in exchange for an employee stock option to acquire 1,000 shares of common stock of Microvast for $1,005.85 per share.

F3: Received in the Merger in exchange for an employee stock option to acquire 4,000 shares of common stock of Microvast for $1,005.85 per share.

F4: Received in the Merger in exchange for an employee stock option to acquire 3,000 shares of common stock of Microvast for $1,005.85 per share.

F5: The Capped Restricted Stock Units convert into one share of Common Stock on vesting and are subject to the same conditions and vesting schedule as stock options.

F6: Received in the Merger in exchange for the right to receive 892 shares of common stock of Microvast for $1005.85 per share