Mehmet Ersin Yumer - Oct 30, 2022 Form 3 Insider Report for TuSimple Holdings Inc. (TSP)

Role
Title: Interim CEO and President Exhibit 24 - Power of Attorney
Signature
/s/ Evan Dunn, Attorney-in-Fact
Stock symbol
TSP
Transactions as of
Oct 30, 2022
Transactions value $
$0
Form type
3
Date filed
11/9/2022, 04:36 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TSP Class A Common Stock 28.3K Oct 30, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TSP Restricted Stock Unit Oct 30, 2022 Class A Common Stock 95.6K Direct F1
holding TSP Restricted Stock Unit Oct 30, 2022 Class A Common Stock 88.1K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 136,593 restricted stock units ("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 vest as follows: (a) 30% of the RSUs vest on September 1, 2022, (b) 12.5% of the RSUs vest on each of March 1, 2023, September 1, 2023, March 1, 2024 and September 1, 2024, and (c) 10% of the RSUs vest on each of March 1, 2025 and September 1, 2025, provided that the Reporting Person remains in continuous service on each such vesting date.
F2 The Reporting Person was granted 88,074 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 vest as follows: (a) 25% of the RSUs vest on July 1, 2023, and (b) 12.5% of the RSUs vest every six-months thereafter, provided that the Reporting Person remains in continuous service on each such vesting date.

Remarks:

Title: Interim CEO and President Exhibit 24 - Power of Attorney