Filing Details

Accession Number:
0000899243-22-016481
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-05-03 20:57:25
Reporting Period:
2022-05-02
Accepted Time:
2022-05-03 20:57:25
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 600
San Diego CA 92122
See Remarks No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2022-05-02 4,125 $0.00 4,882 No 4 M Direct
Class A Common Stock Disposition 2022-05-02 1,232 $10.37 3,650 No 4 S Direct
Class A Common Stock Acquisiton 2022-05-03 4,125 $0.00 7,775 No 4 M Direct
Class A Common Stock Disposition 2022-05-03 1,292 $10.24 6,483 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Unit Disposition 2022-05-02 4,125 $0.00 4,125 $0.00
Class A Common Stock Restricted Stock Unit Disposition 2022-05-03 4,125 $0.00 4,125 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
28,875 No 4 M Direct
24,750 No 4 M Direct
Footnotes
  1. 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.
  2. Includes 757 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan on February 28, 2022. This transaction is exempt pursuant to Rule 16b-3(c).
  3. 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.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $10.28 to $10.57, 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 footnote 4 of this Form 4.
  5. 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.