Brad Buss - Jun 13, 2022 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role: Director
Signature: /s/ James Mullen - Attorney-in-Fact
Stock symbol: TSP
Transactions as of: Jun 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/15/2022, 06:01 PM
Previous filing: Mar 7, 2022
Next filing: Jun 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSP	Class A Common Stock	Options Exercise		+7.77K	+18.2%		50.4K	Jun 13, 2022	Direct	F1
holding	TSP	Class A Common Stock						141K	Jun 13, 2022	By trust	F2
holding	TSP	Class A Common Stock						141K	Jun 13, 2022	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		-7.77K	-100%		0	Jun 13, 2022	Class A Common Stock	7.77K		Direct	F4
transaction	TSP	Restricted Stock Unit	Award		+27.9K			27.9K	Jun 15, 2022	Class A Common Stock	27.9K		Direct	F5

* 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 on the earlier of the one-year anniversary of June 29, 2021 or on the date of the next regular annual meeting of the Company's stockholders held following June 29, 2021, provided that the Reporting Person remains in continuous service through such vesting date.
F5	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 on the earlier of (i) June 15, 2023 or (ii) on the date of the issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service with the issuer on such vesting date.