Lu Cheng 4
4 · TuSimple Holdings Inc. · Filed Jan 25, 2024
Insider Transaction Report
Form 4
Lu Cheng
DirectorPresident and CEO
Transactions
- Sale
Class A Common Stock
2024-01-24$0.36/sh−106,832$38,684→ 2,339,320 total - Sale
Class A Common Stock
2024-01-23$0.40/sh−129,676$52,065→ 2,446,152 total
Holdings
- 900,000(indirect: By LLC)
Class A Common Stock
Footnotes (4)
- [F1]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 Restricted Stock Units. 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $0.3799 to $0.4291, inclusive. The Reporting Person undertakes to provide to the Issuer, and 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.
- [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 $0.3399 to $0.4081, inclusive. The Reporting Person undertakes to provide to the Issuer, and 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 shares are held by Hickory Wood Grove LLC, a limited liability company incorporated in Delaware and deemed beneficially owned by the Reporting Person.