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Filing Details

Accession Number:: 0001628280-23-034613
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-10-18 18:10:58
Reporting Period:: 2023-10-16

Accepted Time:: 2023-10-18 18:10:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1823593	Tusimple Holdings Inc.	TSP	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1686328	R Eric Tapia	9191 Towne Centre Drive, Ste 150 San Diego CA 92122	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2023-10-16	8,250	$0.00	14,733	No	4	M	Direct
Class A Common Stock	Acquisiton	2023-10-16	31,692	$0.00	46,425	No	4	M	Direct
Class A Common Stock	Acquisiton	2023-10-16	21,875	$0.00	68,300	No	4	M	Direct
Class A Common Stock	Disposition	2023-10-17	22,184	$1.07	46,116	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2023-10-16	8,250	$0.00	8,250	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2023-10-16	31,692	$0.00	31,692	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2023-10-16	21,875	$0.00	21,875	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,500	No	4	M	Direct
221,845	No	4	M	Direct
65,625	No	4	M	Direct

Footnotes

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.
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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.05 to $1.10, inclusive. The Reporting Person undertakes to provide to theIssuer 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.
The Reporting Person was granted 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 each anniversary of May 3, 2021, subject to the Reporting Person's continuous service with the Issuer on each such date.
The Reporting Person was granted 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 in sixteen equal quarterly installments beginning on April 1, 2023, subject to the Reporting Person's continuous service with the issuer on such vesting date.
The Reporting Person was granted 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 vest in four equal quarterly installments beginning on August 30, 2023, provided that the Reporting Person remains in continuous service with the issuer on each such vesting date.