Cheng Lu - 10 Nov 2022 Form 3 Insider Report for TuSimple Holdings Inc. (TSPH)

Role
Chief Executive Officer, Director
Signature
/s/ Evan Dunn, Attorney-in-Fact
Issuer symbol
TSPH
Transactions as of
10 Nov 2022
Net transactions value
$0
Form type
3
Filing time
21 Nov 2022, 18:43:44 UTC
Previous filing
21 Dec 2021
Next filing
16 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TSP Class A Common Stock 1,719,578 10 Nov 2022 Direct
holding TSP Class A Common Stock 900,000 10 Nov 2022 By LLC F1

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 Stock Option (right to buy) 10 Nov 2022 Common Stock 500,000 $4.20 Direct F2
holding TSP Stock Option (right to buy) 10 Nov 2022 Common Stock 100,000 $8.11 Direct F3
holding TSP Stock Option (right to buy) 10 Nov 2022 Common Stock 100,000 $14.00 Direct F4
holding TSP Stock Option (right to buy) 10 Nov 2022 Common Stock 1,150,000 $14.14 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.
F2 The options are subject to a service-based vesting requirement, which shall be satisfied over a three-year period. 30% of the options vest on December 31, 2021 and 8.75% of the options shall vest each quarter thereafter, except that all unvested options as of March 3, 2023 will accelerate and be fully vest on such date.
F3 The options are subject to a service-based vesting requirement, which shall be satisfied over a three-year period. 30% of the options vest on December 31, 2021 and 8.75% of the options shall vest each quarter thereafter, except that all unvested options as of March 3, 2023 will accelerate and be fully vest on such date.
F4 The options are subject to a service-based vesting requirement, which shall be satisfied over a three-year period. 30% of the options vest on December 31, 2021 and 8.75% of the options shall vest each quarter thereafter, except that all unvested options as of March 3, 2023 will accelerate and be fully vest on such date.
F5 The options are subject to a service-based vesting requirement, which shall be satisfied over a five-year period with 5% of the options vesting each quarter after December 31, 2020, except that all unvested options as of March 3, 2023 will accelerate and fully vest on such date.

Remarks:

Exhibit 24 - Power of Attorney