4//SEC Filing
Tapia Eric R 4
Accession 0001628280-23-036573
CIK 0001823593other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 9:09 AM ET
Size
13.5 KB
Accession
0001628280-23-036573
Insider Transaction Report
Form 4
Tapia Eric R
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2023-11-01+30,428→ 76,544 total - Exercise/Conversion
Class A Common Stock
2023-11-01+15,846→ 92,390 total - Sale
Class A Common Stock
2023-11-02$1.20/sh−13,550$16,206→ 78,840 total - Exercise/Conversion
Restricted Stock Units
2023-11-01−15,846→ 205,999 total→ Class A Common Stock (15,846 underlying) - Exercise/Conversion
Restricted Stock Units
2023-11-01−30,428→ 91,285 total→ Class A Common Stock (30,428 underlying)
Footnotes (5)
- [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 $1.025 to $1.275, inclusive. The Reporting Person undertakes to provide to the Issuer, the security holder of 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 July 7, 2023 and 12.5% of the RSUs shall vest each six-months thereafter, subject to the Reporting Person's continuous service with the issuer.
- [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.
Documents
Issuer
TuSimple Holdings Inc.
CIK 0001823593
Entity typeother
Related Parties
1- filerCIK 0001686328
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 9:09 AM ET
- Size
- 13.5 KB