Jacob Lawson - 15 Mar 2022 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: Chief Commercial Officer
Signature: /s/ Jacob Lawson, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: USX
Transactions as of: 15 Mar 2022
Net transactions value: -$24,056
Form type: 4
Filing time: 16 Mar 2022, 17:01:53 UTC
Previous filing: 02 Mar 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		+12,500	+11%		130,158	15 Mar 2022	Direct	F1
transaction	USX	Class A Common Stock	Tax liability	$24,056	-5,647	-4.3%	$4.26	124,511	15 Mar 2022	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	Restricted Stock Units	Options Exercise	$0	-12,500	-25%	$0.000000	37,500	15 Mar 2022	Class A Common Stock	12,500		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F2	The remaining RSUs will vest in three approximately equal installments on each of March 15, 2023, 2024, and 2025 and are subject to certain vesting, forfeiture, and termination provisions.