Max L. Fuller - May 18, 2022 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: Executive Chairman, Director, Member & Co-Trustee, 10%+ Owner
Signature: /s/ Max L. Fuller, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: USX
Transactions as of: May 18, 2022
Transactions value $: $745,750
Form type: 4
Date filed: 5/20/2022, 04:28 PM
Previous filing: May 18, 2022
Next filing: Feb 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USX	Class A Common Stock	Purchase	$495K	+155K	+10.88%	$3.20	1.58M	May 18, 2022	Member	F1, F2
transaction	USX	Class A Common Stock	Purchase	$251K	+81K	+5.13%	$3.10	1.66M	May 19, 2022	Member	F2, F3
holding	USX	Class B Common Stock						333K	May 18, 2022	Direct	F4
holding	USX	Class B Common Stock						8.26M	May 18, 2022	Member	F5
holding	USX	Class B Common Stock						1.99M	May 18, 2022	Co-trustee	F6
holding	USX	Class A Common Stock						170K	May 18, 2022	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Price of $3.1964 is a weighted average purchase price for multiple transactions ranging from $3.065 to $3.35, inclusive. The reporting persons undertake 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.
F2	Shares held by Fuller Family Enterprises, LLC, in which Mr. Max Fuller and Ms. Janice Fuller are each members. Mr. Max Fuller and Ms. Janice Fuller each disclaim beneficial ownership of these securities except to the extent of his or her respective 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 securities for purposes of Section 16 or for any other purpose.
F3	Price of $3.0980 is a weighted average purchase price for multiple transactions ranging from $3.06 to $3.18, inclusive. The reporting persons undertake 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	Shares held by Mr. Max Fuller.
F5	Represents (i) 2,753,926 shares of Class B common stock held by FSBSPE 1, LLC (ii) 2,753,925 shares of Class B common stock held by FSBSPE 2, LLC, and (iii) 2,753,925 shares of Class B common stock held by FSBSPE 3, LLC. FSBSPE 1, LLC FSBSPE 2, LLC, and FSBSPE 3, LLC are wholly owned subsidiaries of Fuller Family Enterprises, LLC, in which Mr. Max Fuller and Ms. Janice Fuller are each members. Mr. Max Fuller and Ms. Janice Fuller each disclaim beneficial ownership of these securities except to the extent of his or her respective 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 securities for purposes of Section 16 or for any other purpose.
F6	Shares held by the Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller, over which Ms. Janice Fuller and her son, Mr. Eric Fuller, are the co-trustees and have shared dispositive power and Mr. Eric Fuller has sole voting power. Mr. Max Fuller and Ms. Janice Fuller each disclaim beneficial ownership of these securities except to the extent of his or her respective 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 securities for purposes of Section 16 or for any other purposes.