Max L. Fuller - Feb 22, 2023 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: Feb 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/23/2023, 04:54 PM
Previous filing: May 20, 2022
Next filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USX	Class A Common Stock	Award	$0	+51K	+30%	$0.00	221K	Feb 22, 2023	Direct	F1, F2
holding	USX	Class A Common Stock						1.66M	Feb 22, 2023	Member	F3
holding	USX	Class B Common Stock						333K	Feb 22, 2023	Direct	F2
holding	USX	Class B Common Stock						8.26M	Feb 22, 2023	Member	F4
holding	USX	Class B Common Stock						1.99M	Feb 22, 2023	Co-trustee	F5

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award under the 2018 Omnibus Incentive Plan, as amended. The award vests in four approximately equal installments on each of March 15, 2024, 2025, 2026, and 2027 and is subject to certain vesting, forfeiture, and termination provisions.
F2	Shares held by Mr. Max Fuller.
F3	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.
F4	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.
F5	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.