William Eric Fuller - Mar 14, 2022 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: President & CEO, Director, Co-Trustee & Managing GP, 10%+ Owner
Signature: /s/ William Eric Fuller, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: USX
Transactions as of: Mar 14, 2022
Transactions value $: -$85,255
Form type: 4
Date filed: 3/16/2022, 04:54 PM
Previous filing: Mar 2, 2022
Next filing: Jun 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USX	Class B Common Stock	Options Exercise		+53.3K	+7.19%		795K	Mar 14, 2022	Direct	F1, F2
transaction	USX	Class A Common Stock	Tax liability	-$85.3K	-20K	-3.24%	$4.26	597K	Mar 15, 2022	Direct	F2
holding	USX	Class B Common Stock						1.99M	Mar 14, 2022	Co-Trustee	F3
holding	USX	Class B Common Stock						1.61M	Mar 14, 2022	Managing General Partner	F4

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	-53.3K	-33.33%	$0.00	107K	Mar 14, 2022	Class B Common Stock	53.3K		Direct	F1, F2, F5

* 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 B common stock on a one-for-one basis.
F2	Shares held by Mr. Eric Fuller.
F3	Shares held by the Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller (the "Trust") of which Mr. Eric Fuller is a co-trustee, along with his mother, Ms. Janice Fuller. Mr. Eric Fuller and Ms. Janice Fuller have shared dispositive power with respect to shares held in the Trust, and Mr. Eric Fuller has sole voting power.
F4	Shares held by Max Fuller Limited Partnership, in which Mr. Eric Fuller is the managing general partner. Mr. Eric Fuller disclaims beneficial ownership of these securities except to the extent of his 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.
F5	The remaining RSUs will vest in two approximately equal installments on each of March 14, 2023 and 2024, subject to continuous employment through each respective vesting date and certain other termination and forfeiture conditions.