Cameron D. Ramsdell - 01 Jun 2021 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: Pres., Variant & OTR Ops.
Signature: /s/ Cameron D. Ramsdell, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: USX
Transactions as of: 01 Jun 2021
Transactions value $: -$85,171
Form type: 4
Filing time: 03 Jun 2021, 16:24:04 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USX	Class A Common Stock	Options Exercise		+24K	+18.9%		151K	01 Jun 2021	Direct	F1
transaction	USX	Class A Common Stock	Tax liability	-$85.2K	-7.22K	-4.78%	$11.79	144K	01 Jun 2021	Direct

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	USX	Performance Restricted Stock Units	Options Exercise	$0	-24K	-19.35%	$0.00	100K	01 Jun 2021	Class A Common Stock	24K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Performance Restricted Stock Units ("PRSUs") convert into the issuer's Class A Common Stock on a one-for-one basis.
F2	The 24,000 PRSUs vested on June 1, 2021 upon the achievement of certain performance goals. The remaining PRSUs will vest upon achievement of certain performance goals, subject to certain vesting, forfeiture, and termination provisions.