MVST

SEC source: 0000947871-21-000811 · ownership.xml · derivative · entry 2

Wu Yang · CIK 0001874005 · Director · CEO, COB, Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,823,694

Underlying: Class A Common Stock · 8,823,694 shares

Expires not disclosed

F2 · derivative.exercise_price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F3 · kind: Received in connection with the Merger and pursuant to the terms of the Merger Agreement.

F2 · price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F2 · derivative.exercise_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F2 · derivative.expiration_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

SEC source: 0000947871-21-000811 · ownership.xml · nonDerivative · entry 1

Wu Yang · CIK 0001874005 · Director · CEO, COB, Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,036,953

F1 · price: Received in exchange for 530,582 shares of common stock of Microvast, Inc. ("Microvast") in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger by and between Tuscan Holdings Corp. ("Tuscan Holdings"), TSCN Merger Sub Inc. and Microvast, dated February 1, 2021 (the "Merger Agreement"), including the renaming of Tuscan Holdings to the Issuer (the "Merger"). On the effective date of the Merger, the closing price of the Issuer's Class A Common Stock was $10.00.

SEC source: 0000947871-21-000824 · ownership.xml · derivative · entry 1

Mattis Wenjuan · CIK 0001874095 · Chief Technology Officer (CTO)

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,896

Underlying: Class A Common Stock · 18,896 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F2 · kind: Received in connection with the Merger and pursuant to the terms of the Merger Agreement.

F3 · shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F1 · price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.exercise_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.expiration_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F3 · derivative.underlying_shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F3 · balance_after: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

SEC source: 0000947871-21-000825 · ownership.xml · derivative · entry 4

Wu Shengxian · CIK 0001874091 · CEO, Microvast China

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 142,987

Underlying: Class A Common Stock · 142,987 shares

Expires not disclosed

F1 · derivative.exercise_price: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an administrative error, which misreported the conversion or exercise price of derivative security as $6.82.

F7 · price: Received in the Merger in exchange for the right to receive 892 shares of common stock of Microvast for $1005.85 per share.

F6 · derivative.exercise_date: 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 · derivative.expiration_date: 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.

SEC source: 0000947871-21-000825 · ownership.xml · derivative · entry 3

Wu Shengxian · CIK 0001874091 · CEO, Microvast China

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 480,900

Underlying: Class A Common Stock · 480,900 shares

Expires 2030-12-24

F1 · derivative.exercise_price: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an administrative error, which misreported the conversion or exercise price of derivative security as $6.82.

F5 · price: 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.

F2 · derivative.exercise_date: The shares underlying this option vest one-third on the first, second and third anniversaries of the Merger.

SEC source: 0000947871-21-000825 · ownership.xml · derivative · entry 2

Wu Shengxian · CIK 0001874091 · CEO, Microvast China

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 641,200

Underlying: Class A Common Stock · 641,200 shares

Expires 2030-07-27

F1 · derivative.exercise_price: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an administrative error, which misreported the conversion or exercise price of derivative security as $6.82.

F4 · price: 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.

F2 · derivative.exercise_date: The shares underlying this option vest one-third on the first, second and third anniversaries of the Merger.

SEC source: 0000947871-21-000825 · ownership.xml · derivative · entry 1

Wu Shengxian · CIK 0001874091 · CEO, Microvast China

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,300

Underlying: Class A Common Stock · 160,300 shares

Expires 2027-07-23

F1 · derivative.exercise_price: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an administrative error, which misreported the conversion or exercise price of derivative security as $6.82.

F3 · price: 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.

F2 · derivative.exercise_date: The shares underlying this option vest one-third on the first, second and third anniversaries of the Merger.

SEC source: 0000947871-21-000823 · ownership.xml · derivative · entry 1

Zheng Yanzhuan · CIK 0001874015 · Director · CFO, Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,810

Underlying: Class A Common Stock · 29,810 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F2 · kind: Received in connection with the Merger and pursuant to the terms of the Merger Agreement.

F3 · shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F1 · price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.exercise_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.expiration_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F3 · derivative.underlying_shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F3 · balance_after: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

SEC source: 0000947871-21-000822 · ownership.xml · derivative · entry 1

Wu Yang · CIK 0001874005 · Director · CEO, COB, Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,098,757

Underlying: Class A Common Stock · 8,098,757 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F2 · kind: Received in connection with the Merger and pursuant to the terms of the Merger Agreement.

F3 · shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F1 · price: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.exercise_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F1 · derivative.expiration_date: Pursuant to the earnout provisions in the Merger Agreement, the Reporting Person is entitled to receive shares of Class A Common Stock if the daily volume weighted average price of the common stock is greater than or equal to $18.00 for any 20 trading days within a 30 trading day period (or a change of control occurs that results in the holders of common stock receiving a per share price equal to or in excess of $18.00), during the period commencing on the closing date of the Merger and ending on the third anniversary of the closing date of the Merger.

F3 · derivative.underlying_shares: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

F3 · balance_after: The original Form 4, filed on July 26, 2021, is amended by this Form 4 amendment solely to correct an error in reporting the number of shares of Class A Common Stock the Reporting Person is entitled to receive pursuant to and upon achievement of the earnout provisions in the Merger Agreement.

SEC source: 0001094891-21-000268 · edgar.xml · derivative · entry 6

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 541,012

Underlying: Common Stock · 150,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

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

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

SEC source: 0001094891-21-000268 · edgar.xml · derivative · entry 5

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Units · 150,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: 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.

F5 · derivative.expiration_date: 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 · derivative.underlying: Upon the completion of the Issuer's initial business combination, each unit was split into 1 share of common stock and 1 warrant.

SEC source: 0001094891-21-000268 · edgar.xml · derivative · entry 4

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Units · 150,000 shares

Expires not disclosed

F5 · derivative.exercise_date: 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.

F5 · derivative.expiration_date: 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.

SEC source: 0001094891-21-000268 · edgar.xml · derivative · entry 3

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tuscan Holdings Acquisition LLC

Disclosed balance after: 391,012

Underlying: Common Stock · 167,577 shares

Expires not disclosed

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

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

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

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

SEC source: 0001094891-21-000268 · edgar.xml · nonDerivative · entry 2

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001094891-21-000268 · edgar.xml · nonDerivative · entry 1

Vogel Stephen A · CIK 0001513473 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tuscan Holdings Acquisition LLC

Disclosed balance after: 5,404,320

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

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

SEC source: 0001062993-20-002262 · form4.xml · nonDerivative · entry 1

Polar Asset Management Partners Inc. · CIK 0001326389 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote (1)

Disclosed balance after: 3,547,287

F1 · ownership.nature: Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF"), and certain managed accounts (together with PMSMF, the "Polar Vehicles") and has sole voting and investment discretion with respect to the securities reported herein which are held by the Polar Vehicles. The Reporting Person disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.