Dillon Patrick 4
4 · TuSimple Holdings Inc. · Filed Jun 17, 2022
Insider Transaction Report
Form 4
Dillon Patrick
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-06-15+1,875→ 17,218 total - Sale
Class A Common Stock
2022-06-16$6.24/sh−1,088$6,793→ 16,130 total - Exercise/Conversion
Class A Common Stock
2022-06-16+1,875→ 18,005 total - Sale
Class A Common Stock
2022-06-17$6.66/sh−956$6,368→ 17,049 total - Exercise/Conversion
Restricted Stock Unit
2022-06-15−1,875→ 39,375 total→ Class A Common Stock (1,875 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-06-16−1,875→ 37,500 total→ Class A Common Stock (1,875 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 $6.22 to $6.28, 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 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. 25% will vest on December 15, 2021 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.