Michelle M. Sterling - 18 Oct 2021 Form 3 Insider Report for TuSimple Holdings Inc. (TSPH)

Role
Director
Signature
/s/ Laura Donald - Attorney-in-Fact
Issuer symbol
TSPH
Transactions as of
18 Oct 2021
Net transactions value
$0
Form type
3
Filing time
19 Oct 2021, 16:29:42 UTC
Previous filing
19 Aug 2021
Next filing
24 Nov 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
holding TSP Restricted Stock Unit 18 Oct 2021 Class A Common Stock 2,500 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") in connection with providing services to the issuer as a consultant advisor. The RSUs 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 would be satisfied over a one-year period. 25% of the RSUs were to vest each quarter after March 19, 2021, subject to the Reporting Person's continuous service with the issuer as a consultant advisor. The Reporting Person's service as a consultant advisor ceased on October 18, 2021, and a total of 50% of the RSUs are vested as of this date.

Remarks:

Exhibit 24 - Power of Attorney