4//SEC Filing
McGaughey J. Tyler 4
Accession 0001209191-23-024919
CIK 0001823593other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 8:03 PM ET
Size
7.0 KB
Accession
0001209191-23-024919
Insider Transaction Report
Form 4
McGaughey J. Tyler
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-04-17−156,250→ 0 total→ Class A Common Stock (156,250 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted Restricted Stock Units ("RSUs") which represented a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs were subject to a service-based vesting requirement and shall vest as follows. The award was to vest in a number of RSUs equal to the product of (x) 156,250 shares multiplied by (y) a fraction, the numerator of which was to be 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 was 12; provided, that each RSU that did not vest in accordance with foregoing was to be forfeited (continued in footnote 2)
- [F2](continued from footnote 1) without consideration on the Vesting Date.
- [F3]On April 17, 2023, the Board of Directors of the Issuer elected the Reporting Person as the security director and chair of the government security committee. Under the terms of the Issuer's national security agreement, the security director shall not be compensated via stock awards. In connection with the foregoing, the Issuer canceled the RSUs reported herein and instead agreed to award the Reporting Person a cash fee.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001968742
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 8:03 PM ET
- Size
- 7.0 KB