Zhen Tao - 08 Jan 2024 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role
Director
Signature
Xin Zhao, Attorney-in-Fact
Issuer symbol
TSP
Transactions as of
08 Jan 2024
Transactions value $
$0
Form type
4
Filing time
08 Jan 2024, 17:11:45 UTC
Previous filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Options Exercise +117,188 117,188 08 Jan 2024 Direct F1

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 TSP Restricted Stock Units Options Exercise $0 -117,188 -100% $0.000000* 0 08 Jan 2024 Class A Common Stock 117,188 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Class A Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.
F2 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement and shall vest as follows: the award shall vest in a number of RSUs equal to the product of (x) 156,250 shares multiplied by (y) a fraction, the numerator is the total number of whole months of continuous service as an Outside Director (or other Service Provider) ("Service") between the date of grant and the earliest to occur of (A) the one-year anniversary of the date of grant, (B) the date of the regular annual meeting of the Issuer's stockholders held following the date of grant and (C) the date of a change in control (the earliest to occur of the dates in clauses (A)-(C), the "Vesting Date"), and the denominator of which is 12; provided, that each RSU that does not vest in accordance with foregoing shall be forfeited without consideration on the Vesting Date.
F3 Reflects RSUs forfeited for no consideration in accordance with the terms of the RSUs award.