Cheng Lu - 22 Jan 2024 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role
CEO and Director, Director
Signature
Xin Zhao, Attorney-in-Fact
Issuer symbol
TSP
Transactions as of
22 Jan 2024
Transactions value $
$0
Form type
4
Filing time
24 Jan 2024, 20:15:04 UTC
Previous filing
16 Dec 2022
Next filing
25 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 +428K +24.9% 2.15M 22 Jan 2024 Direct F1
transaction TSP Class A Common Stock Options Exercise +428K +19.93% 2.58M 23 Jan 2024 Direct F1
holding TSP Class A Common Stock 900K 22 Jan 2024 By LLC F2

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 -428K -12.5% 3M 22 Jan 2024 Class A Common Stock 428K Direct F3
transaction TSP Restricted Stock Units Options Exercise -428K -14.29% 2.57M 23 Jan 2024 Class A Common Stock 428K Direct 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 shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.
F3 The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. These RSUs are subject to a service-based vesting requirement, which shall vest in four equal annual installments beginning on November 10, 2023, provided that the Reporting Person remains in continuous service on each such vesting date.