Jason Grear - Feb 21, 2022 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role
SVP & Chief Accounting Officer
Signature
/s/ Jason Grear, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
USX
Transactions as of
Feb 21, 2022
Transactions value $
$22,986
Form type
4
Date filed
2/23/2022, 03:51 PM
Previous filing
Jun 15, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USX Class A Common Stock Options Exercise +1.6K +3.89% 42.7K Feb 21, 2022 Direct F1, F2
transaction USX Class A Common Stock Tax liability -$2.01K -474 -1.11% $4.25 42.2K Feb 21, 2022 Direct
transaction USX Class A Common Stock Purchase $25K +6.28K +53.4% $3.98 18K Feb 22, 2022 IRA F2, 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 USX Restricted Stock Units Options Exercise $0 -1.6K -50% $0.00 1.6K Feb 21, 2022 Class A Common Stock 1.6K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F2 Shares updated to reflect change in form of beneficial ownership between directly owned shares and shares held in IRA.
F3 Price of $3.9823 is a weighted average purchase price for multiple transactions ranging from $3.97 to $4.00, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F4 The remaining RSUs will vest on February 21, 2023 and are subject to certain vesting, forfeiture, and termination provisions.