4//SEC Filing
Dillon Patrick 4
Accession 0000899243-22-021079
CIK 0001823593other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 6:26 PM ET
Size
15.5 KB
Accession
0000899243-22-021079
Insider Transaction Report
Form 4
Dillon Patrick
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
2022-06-03$8.49/sh−711$6,036→ 15,343 total - Sale
Class A Common Stock
2022-06-02$8.72/sh−621$5,416→ 14,804 total - Exercise/Conversion
Class A Common Stock
2022-06-02+1,250→ 16,054 total - Exercise/Conversion
Class A Common Stock
2022-06-01+1,250→ 15,425 total - Exercise/Conversion
Restricted Stock Unit
2022-06-01−1,250→ 8,750 total→ Class A Common Stock (1,250 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-06-02−1,250→ 7,500 total→ Class A Common Stock (1,250 underlying)
Footnotes (4)
- [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 $8.59 to $8.83, 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 this Form 4.
- [F4]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. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four-year period with 25% of the RSUs vesting on June 1, 2022 and 12.5% of the RSUs vesting every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001851986
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 6:26 PM ET
- Size
- 15.5 KB