Eric R. Tapia - 22 Jan 2024 Form 4 Insider Report for TuSimple Holdings Inc. (TSPH)

Role: Chief Financial Officer
Signature: Xin Zhao, Attorney-in-Fact
Issuer symbol: TSPH
Transactions as of: 22 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 24 Jan 2024, 19:44:32 UTC
Previous filing: 03 Nov 2023
Next filing: 25 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSP	Class A Common Stock	Options Exercise		+7,607	+9.6%		86,447	22 Jan 2024	Direct	F1
transaction	TSP	Class A Common Stock	Options Exercise		+7,923	+9.2%		94,370	22 Jan 2024	Direct	F1
transaction	TSP	Class A Common Stock	Options Exercise		+10,938	+12%		105,308	22 Jan 2024	Direct	F1
transaction	TSP	Class A Common Stock	Options Exercise		+7,607	+7.2%		112,915	23 Jan 2024	Direct	F1
transaction	TSP	Class A Common Stock	Options Exercise		+7,923	+7%		120,838	23 Jan 2024	Direct	F1
transaction	TSP	Class A Common Stock	Options Exercise		+10,937	+9.1%		131,775	23 Jan 2024	Direct	F1

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	Options Exercise	$0	-7,607	-8.3%	$0.000000	83,678	22 Jan 2024	Class A Common Stock	7,607		Direct	F2
transaction	TSP	Restricted Stock Units	Options Exercise	$0	-7,923	-3.8%	$0.000000	198,076	22 Jan 2024	Class A Common Stock	7,923		Direct	F3
transaction	TSP	Restricted Stock Units	Options Exercise	$0	-10,938	-17%	$0.000000	54,687	22 Jan 2024	Class A Common Stock	10,938		Direct	F4
transaction	TSP	Restricted Stock Units	Options Exercise	$0	-7,607	-9.1%	$0.000000	76,071	23 Jan 2024	Class A Common Stock	7,607		Direct	F2
transaction	TSP	Restricted Stock Units	Options Exercise	$0	-7,923	-4%	$0.000000	190,153	23 Jan 2024	Class A Common Stock	7,923		Direct	F3
transaction	TSP	Restricted Stock Units	Options Exercise	$0	-10,937	-20%	$0.000000	43,750	23 Jan 2024	Class A Common Stock	10,937		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Class A Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.
F2	The Reporting Person was granted 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 be satisfied over a four-year period. 25% will vest on July 7, 2023 and 12.5% of the RSUs shall vest each six-months thereafter, subject to the Reporting Person's continuous service with the issuer.
F3	The Reporting Person was granted 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 be satisfied in sixteen equal quarterly installments beginning on April 1, 2023, subject to the Reporting Person's continuous service with the issuer on such vesting date.
F4	The Reporting Person was granted 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.