Filing Details

Accession Number:
0000899243-22-023187
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-06-17 20:13:40
Reporting Period:
2022-06-15
Accepted Time:
2022-06-17 20:13:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1823593 Tusimple Holdings Inc. TSP Services-Computer Integrated Systems Design (7373) 862341575
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1851986 Patrick Dillon 9191 Towne Centre Drive, Ste 600
San Diego CA 92122
Chief Financial Officer 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 2022-06-15 1,875 $0.00 17,218 No 4 M Direct
Class A Common Stock Disposition 2022-06-16 1,088 $6.24 16,130 No 4 S Direct
Class A Common Stock Acquisiton 2022-06-16 1,875 $0.00 18,005 No 4 M Direct
Class A Common Stock Disposition 2022-06-17 956 $6.66 17,049 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 2022-06-15 1,875 $0.00 1,875 $0.00
Class A Common Stock Restricted Stock Unit Disposition 2022-06-16 1,875 $0.00 1,875 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
39,375 No 4 M Direct
37,500 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. 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.
  3. 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.
  4. 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.