4//SEC Filing
Lu Cheng 4
Accession 0001209191-22-061710
CIK 0001823593other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:11 PM ET
Size
8.8 KB
Accession
0001209191-22-061710
Insider Transaction Report
Form 4
Lu Cheng
DirectorPresident and CEO
Transactions
- Award
Performance Stock Units
2022-12-14+3,425,000→ 3,425,000 total→ Class A Common Stock (3,425,000 underlying) - Award
Restricted Stock Units
2022-12-14+3,425,000→ 3,425,000 total→ Class A Common Stock (3,425,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Class A Common Stock for each RSU. These RSUs are subject to both performance and service-based vesting requirements. The performance-based vesting requirements shall be satisfied if the Issuer's average closing price over a 60-day trailing period exceeds certain thresholds at any time on or before November 10, 2026 as follows: (a) 33% of the RSUs shall performance vest if such average closing price equals or exceeds $10.00, (b) 33% of the RSUs shall performance vest if such average closing price equals or exceeds $15.00, and (c) 33% of the RSUs shall performance vest if such average closing price equals or exceeds $20.00. The service-based vesting requirements 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.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001851981
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:11 PM ET
- Size
- 8.8 KB