4//SEC Filing
Tapia Eric R 4
Accession 0001628280-23-034613
CIK 0001823593other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 6:10 PM ET
Size
17.3 KB
Accession
0001628280-23-034613
Insider Transaction Report
Form 4
Tapia Eric R
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2023-10-16+31,692→ 46,425 total - Exercise/Conversion
Class A Common Stock
2023-10-16+21,875→ 68,300 total - Sale
Class A Common Stock
2023-10-17$1.07/sh−22,184$23,670→ 46,116 total - Exercise/Conversion
Restricted Stock Units
2023-10-16−31,692→ 221,845 total→ Class A Common Stock (31,692 underlying) - Exercise/Conversion
Restricted Stock Units
2023-10-16−8,250→ 16,500 total→ Class A Common Stock (8,250 underlying) - Exercise/Conversion
Class A Common Stock
2023-10-16+8,250→ 14,733 total - Exercise/Conversion
Restricted Stock Units
2023-10-16−21,875→ 65,625 total→ Class A Common Stock (21,875 underlying)
Footnotes (6)
- [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 $1.05 to $1.10, 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, 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.
- [F5]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.
- [F6]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.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001686328
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 6:10 PM ET
- Size
- 17.3 KB