Eric R. Tapia - May 30, 2023 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role
Chief Financial Officer
Signature
Xin Zhao, Attorney-in-Fact
Stock symbol
TSP
Transactions as of
May 30, 2023
Transactions value $
$262,500
Form type
4
Date filed
6/1/2023, 05:16 PM
Previous filing
Feb 6, 2023
Next filing
Sep 1, 2023

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 Award $263K +87.5K $3.00 87.5K May 30, 2023 Class A Common Stock 87.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted Restricted Stock Units ("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 shall vest in four equal quarterly installments beginning on August 30, 2023, provided that the Reporting Person remains in continuous service on each such vesting date.