Lisa M. Pate - Jun 2, 2021 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Signature
/s/ Lisa M. Pate, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
USX
Transactions as of
Jun 2, 2021
Transactions value $
-$2,027,370
Form type
4
Date filed
3/24/2023, 04:44 PM
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction USX Class A Common Stock Sale -$60K -5K -4.51% $12.00 106K Jun 2, 2021 Direct F1
transaction USX Class A Common Stock Sale -$180K -20K -18.88% $9.00 85.9K Nov 22, 2021 Direct F1
transaction USX Class A Common Stock Sale -$1.79M -300K -12.97% $5.96 2.01M Mar 22, 2023 Trustee F2, F3, F4
holding USX Class A Common Stock 320K Jun 2, 2021 Direct F5
holding USX Class A Common Stock 150K Jun 2, 2021 Managing General Partner F6

Lisa M. Pate is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares of Class A Common Stock held directly by Ms. Pate.
F2 The shares sold automatically converted from Class B common stock to Class A common stock upon sale.
F3 The price reflects a weighted average sale price for multiple transactions ranging from $5.95 to $5.98, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
F4 Represents shares of Class A Common Stock held by the Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate (the "Trust"), of which Ms. Pate is the sole trustee. On March 23, 2023, the Trust voluntarily converted the 2,013,914 shares of Class B Common Stock held by it to shares of Class A Common Stock.
F5 Represents shares of Class A Common Stock held directly by Ms. Pate. On March 23, 2023, Ms. Pate voluntarily converted the 319,994 shares of Class B Common Stock held directly by her to shares of Class A Common Stock.
F6 Represents shares of Class A Common Stock held by Quinn Family Partners, L.P. (the "L.P."), of which Ms. Pate is the managing general partner. On March 23, 2023, the L.P. voluntarily converted the 150,005 shares of Class B Common Stock held by it to shares of Class A Common Stock. Ms. Pate disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purposes.