Brad Buss - Aug 17, 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role: Director
Signature: /s/ Laura Donald - Attorney-in-Fact
Stock symbol: TSP
Transactions as of: Aug 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/17/2021, 05:00 PM
Previous filing: Jul 20, 2021
Next filing: Sep 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSP	Class A Common Stock	Options Exercise		+8.84K			8.84K	Aug 17, 2021	Direct	F1
holding	TSP	Class A Common Stock						141K	Aug 17, 2021	By trust	F2
holding	TSP	Class A Common Stock						141K	Aug 17, 2021	By trust	F3

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	Options Exercise	$0	-8.84K	-50%	$0.00	8.84K	Aug 17, 2021	Class A Common Stock	8.84K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The Reporting Person received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on August 17, 2021.
F2	The shares are held by the 2011 Buss Family Trust, of which the Reporting Person is trustee.
F3	The shares are held by the Buss Family Heritage Trust, of which the Reporting Person is trustee.
F4	The Reporting Person was granted 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 one-year period. 25% of the RSUs vested on March 15, 2021 and 25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.