SEC FORM 4 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
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Vogel Stephen A

(Last) (First) (Middle)
135 E. 57TH STREET, 18TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
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 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 07/23/2021 J(1) 1,964,269 D $0 5,404,320 I By Tuscan Holdings Acquisition LLC(2)
Common Stock 07/23/2021 C 150,000 A $10 150,000 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
Warrants $11.5 07/23/2021 J(1) 167,577 (3) (4) Common Stock 167,577 $0 391,012 I By Tuscan Holdings Acquisition LLC(2)
Convertible Promissory Note $10 07/23/2021 A $1,500,000 (5) (5) Units 150,000 $10 $1,500,000 D
Convertible Promissory Notes $10 07/23/2021 C 150,000 (5) (5) Units(6) 150,000 $10 0 D
Warrants $11.5 07/23/2021 C 150,000 (3) (4) Common Stock 150,000 $10 541,012 D
Explanation of Responses:
1. Represents the pro rata distribution of securities from Tuscan Holdings Acquisition LLC to a member.
2. The reporting person is the sole managing member of this entity.
3. The warrants will become exercisable 30 days after completion of the Issuer's initial business combination.
4. The warrants expire on the fifth anniversary of the completion of the Issuer's initial business combination.
5. 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.
6. Upon the completion of the Issuer's initial business combination, each unit was split into 1 share of common stock and 1 warrant.
/s/ Stephen A. Vogel 07/27/2021
** 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).
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