Xiaodi Hou - 29 Jun 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role: Chief Technology Officer, Director, 10%+ Owner
Signature: /s/ James Mullen - Attorney-in-Fact
Issuer symbol: TSP
Transactions as of: 29 Jun 2021
Transactions value $: $0
Form type: 4
Filing time: 01 Jul 2021, 17:33:03 UTC
Next filing: 21 Jul 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TSP	Restricted Stock Unit	Award		+200K			200K	29 Jun 2021	Class A Common Stock	200K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four-year period with 25% of the RSUs vesting on June 1, 2022 and 12.5% of the RSUs vesting every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.

Content

The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four-year period with 25% of the RSUs vesting on June 1, 2022 and 12.5% of the RSUs vesting every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.