William Eric Fuller - 21 Feb 2023 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: President & CEO, Director, Co-Trustee & Managing GP, 10%+ Owner
Signature: /s/ William Eric Fuller, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: USX
Transactions as of: 21 Feb 2023
Transactions value $: -$5,622
Form type: 4
Filing time: 23 Feb 2023, 16:46:50 UTC
Previous filing: 15 Jun 2022
Next filing: 28 Feb 2023
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	Tax liability	-$5,621	-3,904	-0.66%	$1.44^*	591,260	21 Feb 2023	Direct	F1, F2
transaction	USX	Class A Common Stock	Award	$0	+212,585	+35.95%	$0	803,845	22 Feb 2023	Direct	F2, F3
holding	USX	Class B Common Stock						795,197	21 Feb 2023	Direct	F2
holding	USX	Class B Common Stock						1,993,269	21 Feb 2023	Co-Trustee	F4
holding	USX	Class B Common Stock						1,609,613	21 Feb 2023	Managing General Partner	F5

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person.
F2	Shares held by Mr. Eric Fuller.
F3	Represents a restricted stock award under the 2018 Omnibus Incentive Plan, as amended. The award vests in four approximately equal installments on each of March 15, 2024, 2025, 2026, and 2027 and is subject to certain vesting, forfeiture, and termination provisions.
F4	Shares held by the Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller (the "Trust") of which Mr. Eric Fuller is a co-trustee, along with his mother, Ms. Janice Fuller. Mr. Eric Fuller and Ms. Janice Fuller have shared dispositive power with respect to shares held in the Trust, and Mr. Eric Fuller has sole voting power.
F5	Shares held by Max Fuller Limited Partnership, in which Mr. Eric Fuller is the managing general partner. Mr. Eric Fuller disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purposes.