Brad W. Buss - 15 Sep 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSPH)

Role
Director
Signature
/s/ Laura Donald - Attorney-in-Fact
Issuer symbol
TSPH
Transactions as of
15 Sep 2021
Net transactions value
$0
Form type
4
Filing time
17 Sep 2021, 17:00:23 UTC
Previous filing
17 Aug 2021
Next filing
17 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Options Exercise +4,420 +50% 13,260 15 Sep 2021 Direct F1
holding TSP Class A Common Stock 141,441 15 Sep 2021 By trust F2
holding TSP Class A Common Stock 141,442 15 Sep 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 -4,420 -50% 4,420 15 Sep 2021 Class A Common Stock 4,420 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") that represent a contingent right to receive one share of Class A Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.
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.