Joel Gard - 07 Oct 2021 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: Pres. of Xpress Technologies
Signature: /s/ Joel Gard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: USX
Transactions as of: 07 Oct 2021
Transactions value $: -$21,209
Form type: 4
Filing time: 12 Oct 2021, 16:06:20 UTC
Next filing: 14 Feb 2022
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		+10,000	+15%		76,862	07 Oct 2021	Direct	F1, F2
transaction	USX	Class A Common Stock	Tax liability	-$21,208	-2,435	-3.2%	$8.71	74,427	07 Oct 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	-10,000	-13%	$0	65,000	07 Oct 2021	Class A Common Stock	10,000		Direct	F1, F3

* 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	Includes 1,790 shares of Class A Common Stock acquired under the issuer's Employee Stock Purchase Plan on June 30, 2021, in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3	The 10,000 PRSUs vested on October 7, 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.