Cheng Lu - 30 Sep 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSPH)

Signature
/s/ Laura Donald - Attorney-in-Fact
Issuer symbol
TSPH
Transactions as of
30 Sep 2021
Net transactions value
-$1,259,472
Form type
4
Filing time
04 Oct 2021, 17:00:26 UTC
Previous filing
14 Sep 2021
Next filing
17 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Options Exercise +87,500 +5.4% 1,702,319 30 Sep 2021 Direct F1
transaction TSP Class A Common Stock Sale $1,182,842 -33,330 -2% $35.49* 1,668,989 01 Oct 2021 Direct F2, F3
transaction TSP Class A Common Stock Sale $76,630 -2,100 -0.13% $36.49* 1,666,889 01 Oct 2021 Direct F2, F4
holding TSP Class A Common Stock 900,000 30 Sep 2021 By LLC F5

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 -87,500 -25% $0.000000 262,500 30 Sep 2021 Class A Common Stock 87,500 Direct F6
* 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 sales reported represent shares of Class A Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $35.15 to $36.13, inclusive. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in footnotes 3 and 4 of this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $36.17 to $36.86, inclusive.
F5 The shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.
F6 Represents the settlement of vested RSUs. The Reporting Person was previously granted RSUs that 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 three-year period. 30% of the RSUs vested on June 30, 2020 and 8.75% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.