Cheng Lu - Jan 23, 2024 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role
CEO and Director, Director
Signature
Xin Zhao, Attorney-in-Fact
Stock symbol
TSP
Transactions as of
Jan 23, 2024
Transactions value $
-$90,749
Form type
4
Date filed
1/25/2024, 06:12 PM
Previous filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Sale -$52.1K -130K -5.03% $0.40 2.45M Jan 23, 2024 Direct F1, F2
transaction TSP Class A Common Stock Sale -$38.7K -107K -4.37% $0.36 2.34M Jan 24, 2024 Direct F3
holding TSP Class A Common Stock 900K Jan 23, 2024 By LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported represent shares of Class A Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.3799 to $0.4291, inclusive. The Reporting Person undertakes to provide to the Issuer, and security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.3399 to $0.4081, inclusive. The Reporting Person undertakes to provide to the Issuer, and security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this Form 4.
F4 The shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.