Xiaodi Hou - Jun 1, 2022 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Patrick Dillon - Attorney-in-Fact
Stock symbol: TSP
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/3/2022, 06:25 PM
Previous filing: Jul 21, 2021
Next filing: Dec 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSP	Class A Common Stock	Options Exercise		+50K			50K	Jun 1, 2022	Direct	F1
holding	TSP	Class A Common Stock						13.4M	Jun 1, 2022	By corporation	F2

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		-50K	-25%		150K	Jun 1, 2022	Class A Common Stock	50K		Direct	F3

* 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 White Marble International Limited, a company incorporated in Samoa and beneficially owned by the Reporting Person.
F3	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 with 25% of the RSUs vesting on June 1, 2022 and 12.5% of the RSUs vesting every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.