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

Role: Director, 10%+ Owner
Signature: /s/ Xin Zhao, Attorney-in-Fact
Stock symbol: TSP
Transactions as of: Dec 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/5/2022, 04:04 PM
Previous filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSP	Class A Common Stock	Options Exercise		+25K	+50%		75K	Dec 1, 2022	Direct	F1
holding	TSP	Class A Common Stock						13.4M	Dec 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 Units	Options Exercise		-25K	-16.67%		125K	Dec 1, 2022	Class A Common Stock	25K		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 the settlement of 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 200,000 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 vest as follows: (a) 25% of the RSUs vest on June 1, 2022, and (b) 12.5% of the RSUs vest every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.