4//SEC Filing
Lu Cheng 4
Accession 0000899243-21-049304
CIK 0001823593other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 9:22 PM ET
Size
20.4 KB
Accession
0000899243-21-049304
Insider Transaction Report
Form 4
Lu Cheng
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2021-12-17+21,875→ 1,715,233 total - Sale
Class A Common Stock
2021-12-20$31.34/sh−6,452$202,219→ 1,708,781 total - Sale
Class A Common Stock
2021-12-21$34.01/sh−3,378$114,883→ 1,719,578 total - Sale
Class A Common Stock
2021-12-20$31.84/sh−2,684$85,465→ 1,706,097 total - Sale
Class A Common Stock
2021-12-21$33.32/sh−5,016$167,158→ 1,722,956 total - Exercise/Conversion
Restricted Stock Unit
2021-12-17−21,875→ 196,875 total→ Class A Common Stock (21,875 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-12-20−21,875→ 175,000 total→ Class A Common Stock (21,875 underlying) - Exercise/Conversion
Class A Common Stock
2021-12-20+21,875→ 1,727,972 total
Holdings
- 900,000(indirect: By LLC)
Class A Common Stock
Footnotes (8)
- [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 sales reported represent shares of Class A Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $30.78 to $31.66, inclusive. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in footnotes 3 to 6 of this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $31.75 to $32.02, inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $32.75 to $33.74, inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $33.75 to $34.21, inclusive.
- [F7]The shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.
- [F8]Represents the settlement of vested RSUs. The Reporting Person was previously granted RSUs that 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, which shall be satisfied over a three-year period. 30% of the RSUs vested on June 30, 2020 and 8.75% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001851981
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 9:22 PM ET
- Size
- 20.4 KB