James Mullen - Dec 15, 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Signature
/s/ Laura Donald, Attorney-in-Fact
Stock symbol
TSP
Transactions as of
Dec 15, 2021
Transactions value $
-$12,276
Form type
4
Date filed
12/17/2021, 08:19 PM
Previous filing
Oct 1, 2021
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Options Exercise +625 +8.95% 7.61K Dec 15, 2021 Direct F1
transaction TSP Class A Common Stock Sale -$1.75K -52 -0.68% $33.71* 7.56K Dec 16, 2021 Direct F2, F3
transaction TSP Class A Common Stock Sale -$4.43K -129 -1.71% $34.33* 7.43K Dec 16, 2021 Direct F2, F4
transaction TSP Class A Common Stock Options Exercise +625 +8.41% 8.05K Dec 16, 2021 Direct F1
transaction TSP Class A Common Stock Sale -$2.3K -72 -0.89% $31.88* 7.98K Dec 17, 2021 Direct F2, F5
transaction TSP Class A Common Stock Sale -$3.8K -117 -1.47% $32.47* 7.86K Dec 17, 2021 Direct F2, F6

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 -625 -2.08% 29.4K Dec 15, 2021 Class A Common Stock 625 Direct F7
transaction TSP Restricted Stock Unit Options Exercise -625 -2.13% 28.8K Dec 16, 2021 Class A Common Stock 625 Direct F7
* 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 $33.03 to $34.02, 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 to 6 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 $34.03 to $34.63, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $31.28 to $32.24, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $32.29 to $32.76, inclusive.
F7 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 four-year period. 25% will vest on September 29, 2021 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.

Remarks:

Chief Administrative and Legal Officer