Form 4: Microvast Holdings Executive Wenjuan Mattis Reports Stock Transactions
SEC Form 4 Filing
Wenjuan Mattis, Chief Technology Officer of Microvast Holdings, reports the conversion and disposal of capped restricted stock units into common stock.
Summary
- On July 23, 2022, Wenjuan Mattis converted 143,041 capped restricted stock units into common stock and disposed of 416,456 shares.
- On July 23, 2023, Mattis converted another 143,041 capped restricted stock units into common stock, increasing direct ownership to 559,497 shares.
- The capped restricted stock units convert into common stock in equal installments on the first, second, and third anniversaries of July 23, 2021.
- These units were received in connection with the merger agreement between Tuscan Holdings Corp., TSCN Merger Sub Inc., and Microvast, Inc. dated February 1, 2021.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the CTO in this case, trade their company's stock. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.
- The transactions may have a minor impact on the overall share supply.
Key Dates
| Date | Description |
|---|---|
| February 1, 2021 | Date of the Agreement and Plan of Merger by and between Tuscan Holdings Corp., TSCN Merger Sub Inc. and Microvast, Inc. |
| July 23, 2021 | Date from which capped restricted stock units convert into common stock in equal installments on the first, second and third anniversaries. |
| July 23, 2022 | Date of transaction where 143,041 capped restricted stock units were converted into common stock. |
| July 23, 2023 | Date of transaction where 143,041 capped restricted stock units were converted into common stock. |
| 03/29/2024 | Date of signature for the Form 4 filing. |
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