Jacob Lawson - Mar 15, 2022 Form 4 Insider Report for US XPRESS ENTERPRISES INC (USX)

Role: Chief Commercial Officer
Signature: /s/ Jacob Lawson, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: USX
Transactions as of: Mar 15, 2022
Transactions value $: -$24,056
Form type: 4
Date filed: 3/16/2022, 05:01 PM
Previous filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USX	Class A Common Stock	Options Exercise		+12.5K	+10.62%		130K	Mar 15, 2022	Direct	F1
transaction	USX	Class A Common Stock	Tax liability	-$24.1K	-5.65K	-4.34%	$4.26	125K	Mar 15, 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
transaction	USX	Restricted Stock Units	Options Exercise	$0	-12.5K	-25%	$0.00	37.5K	Mar 15, 2022	Class A Common Stock	12.5K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F2	The remaining RSUs will vest in three approximately equal installments on each of March 15, 2023, 2024, and 2025 and are subject to certain vesting, forfeiture, and termination provisions.