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

Role
Chief Executive Officer, Director
Signature
/s/ Evan Dunn, Attorney-in-Fact
Stock symbol
TSP
Transactions as of
Nov 10, 2022
Transactions value $
$0
Form type
3
Date filed
11/21/2022, 06:43 PM
Previous filing
Dec 21, 2021
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TSP Class A Common Stock 1.72M Nov 10, 2022 Direct
holding TSP Class A Common Stock 900K Nov 10, 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) Nov 10, 2022 Common Stock 500K $4.20 Direct F2
holding TSP Stock Option (right to buy) Nov 10, 2022 Common Stock 100K $8.11 Direct F3
holding TSP Stock Option (right to buy) Nov 10, 2022 Common Stock 100K $14.00 Direct F4
holding TSP Stock Option (right to buy) Nov 10, 2022 Common Stock 1.15M $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