Statement of Ownership (sc 13g)
February 14 2022 - 9:10AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
TuSimple
Holdings Inc.
(Name of Issuer)
Class A common stock, $0.0001 par value per share
(Title of Class of Securities)
90089L108
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
*
|
The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
|
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page
2
of 12 Pages
|
|
|
|
|
|
|
1
|
|
Name of Reporting Person
Gray Jade Holding Limited
|
2
|
|
Check the Appropriate Box
if a Member of a Group
(a) ☐ (b) ☐
|
3
|
|
SEC Use Only
|
4
|
|
Citizenship or Place of
Organization
British Virgin
Islands
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
5
|
|
Sole Voting Power
12,000,000
(1)
|
|
6
|
|
Shared Voting Power
See footnote response to Row (5)
|
|
7
|
|
Sole Dispositive Power
12,000,000
(1)
|
|
8
|
|
Shared Dispositive Power
See footnote response to Row
(7)
|
|
|
|
|
|
|
|
9
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
12,000,000 (1)
|
10
|
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares
☐
|
11
|
|
Percent of
Class Represented by Amount in Row (9)
6.0%(2) (or 28.0%(3) of the aggregate voting power)
|
12
|
|
Type of Reporting
Person
CO
|
(1)
|
Represents 12,000,000 shares of Class B common stock held by Gray Jade Holding Limited, which is wholly
owned by Mo Star LLC. Mo Star LLC is wholly owned by The C Family Trust, of which Mo Chen serves as the settlor. Each of Mo Star LLC and Mo Chen may be deemed to have sole power to vote and dispose of these shares.
|
(2)
|
The beneficial ownership percentage is calculated based on (i) 189,026,565 shares of Class A common stock
of the Issuer issued and outstanding as of October 31, 2021, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021, and (ii) assuming
all Class B common stock held by such reporting person are converted into the same number of Class A common stock.
|
(3)
|
Each holder of Class A common stock is entitled to one vote per share and each holder of Class B
common stock is entitled to ten votes per share, on all matters submitted to them for vote. The voting power of the stock beneficially owned represented 28.0% of the total outstanding voting power, calculated based on (i) 189,026,565 shares of
Class A common stock of the Issuer issued and outstanding as of October 31, 2021, and (ii) 24,000,000 shares of Class B common stock of the Issuer issued and outstanding as of October 31, 2021, each as reported in the
Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
2
Page
3
of 12 Pages
|
|
|
|
|
|
|
1
|
|
Name of Reporting Person
Mo Star LLC
|
2
|
|
Check the Appropriate Box
if a Member of a Group
(a) ☐ (b) ☐
|
3
|
|
SEC Use Only
|
4
|
|
Citizenship or Place of
Organization
State of
Delaware
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
5
|
|
Sole Voting Power
12,000,000
(1)
|
|
6
|
|
Shared Voting Power
See footnote response to Row (5)
|
|
7
|
|
Sole Dispositive Power
12,000,000
(1)
|
|
8
|
|
Shared Dispositive Power
See footnote response to Row
(7)
|
|
|
|
|
|
|
|
9
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
12,000,000 (1)
|
10
|
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares
☐
|
11
|
|
Percent of
Class Represented by Amount in Row (9)
6.0%(2) (or 28.0%(3) of the aggregate voting power)
|
12
|
|
Type of Reporting
Person
OO Limited Liability Company
|
(1)
|
Represents 12,000,000 shares of Class B common stock held by Gray Jade Holding Limited, which is wholly
owned by Mo Star LLC. Mo Star LLC is wholly owned by The C Family Trust, of which Mo Chen serves as the settlor. Mo Chen may be deemed to have sole power to vote and dispose of these shares.
|
(2)
|
The beneficial ownership percentage is calculated based on (i) 189,026,565 shares of Class A common stock
of the Issuer issued and outstanding as of October 31, 2021, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021, and (ii) assuming
all Class B common stock held by such reporting person are converted into the same number of Class A common stock.
|
(3)
|
Each holder of Class A common stock is entitled to one vote per share and each holder of Class B
common stock is entitled to ten votes per share, on all matters submitted to them for vote. The voting power of the stock beneficially owned represented 28.0% of the total outstanding voting power, calculated based on (i) 189,026,565 shares of
Class A common stock of the Issuer issued and outstanding as of October 31, 2021, and (ii) 24,000,000 shares of Class B common stock of the Issuer issued and outstanding as of October 31, 2021, each as reported in the
Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
3
Page
4
of 12 Pages
|
|
|
|
|
|
|
1
|
|
Name of Reporting Person
THC International Limited
|
2
|
|
Check the Appropriate Box
if a Member of a Group
(a) ☐ (b) ☐
|
3
|
|
SEC Use Only
|
4
|
|
Citizenship or Place of
Organization
British Virgin
Islands
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
5
|
|
Sole Voting Power
75,000
(1)
|
|
6
|
|
Shared Voting Power
See footnote response to Row (5)
|
|
7
|
|
Sole Dispositive Power
75,000
(1)
|
|
8
|
|
Shared Dispositive Power
See footnote response to Row
(7)
|
|
|
|
|
|
|
|
9
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
75,000 (1)
|
10
|
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares
☐
|
11
|
|
Percent of
Class Represented by Amount in Row (9)
0.04%(2) (or 0.02%(3) of the aggregate voting power)
|
12
|
|
Type of Reporting
Person
CO
|
(1)
|
Represents 75,000 shares of Class A common stock held by THC International Limited, which entity is
beneficially owned by Mo Chen. Mo Chen may be deemed to have sole power to vote and dispose of these shares.
|
(2)
|
The beneficial ownership percentage is calculated based on 189,026,565 shares of Class A common stock of
the Issuer issued and outstanding as of October 31, 2021, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
(3)
|
Each holder of Class A common stock is entitled to one vote per share and each holder of Class B
common stock is entitled to ten votes per share, on all matters submitted to them for vote. The voting power of the stock beneficially owned represented 0.02% of the total outstanding voting power, calculated based on (i) 189,026,565 shares of
Class A common stock of the Issuer issued and outstanding as of October 31, 2021, and (ii) 24,000,000 shares of Class B common stock of the Issuer issued and outstanding as of October 31, 2021, each as reported in the
Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
4
Page
5
of 12 Pages
|
|
|
|
|
|
|
1
|
|
Name of Reporting Person
Brown Jade Holding Limited
|
2
|
|
Check the Appropriate Box
if a Member of a Group
(a) ☐ (b) ☐
|
3
|
|
SEC Use Only
|
4
|
|
Citizenship or Place of
Organization
British Virgin
Islands
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
5
|
|
Sole Voting Power
6,292,314
(1)
|
|
6
|
|
Shared Voting Power
See footnote response to Row (5)
|
|
7
|
|
Sole Dispositive Power
6,292,314
(1)
|
|
8
|
|
Shared Dispositive Power
See footnote response to Row
(7)
|
|
|
|
|
|
|
|
9
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
6,292,314 (1)
|
10
|
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares
☐
|
11
|
|
Percent of
Class Represented by Amount in Row (9)
3.3%(2) (or 1.5%(2) of the aggregate voting power)
|
12
|
|
Type of Reporting
Person
CO
|
(1)
|
Represents 6,292,314 shares of Class A common stock held by Brown Jade Holding Limited, which entity is
beneficially owned by Mo Chen. Mo Chen may be deemed to have sole power to vote and dispose of these shares.
|
(2)
|
The beneficial ownership percentage is calculated based on 189,026,565 shares of Class A common stock of
the Issuer issued and outstanding as of October 31, 2021, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
(3)
|
Each holder of Class A common stock is entitled to one vote per share and each holder of Class B
common stock is entitled to ten votes per share, on all matters submitted to them for vote. The voting power of the stock beneficially owned represented 1.5% of the total outstanding voting power, calculated based on (i) 189,026,565 shares of
Class A common stock of the Issuer issued and outstanding as of October 31, 2021, and (ii) 24,000,000 shares of Class B common stock of the Issuer issued and outstanding as of October 31, 2021, each as reported in the
Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
5
Page
6
of 12 Pages
|
|
|
|
|
|
|
1
|
|
Name of Reporting Person
Mo Chen
|
2
|
|
Check the Appropriate Box
if a Member of a Group
(a) ☐ (b) ☐
|
3
|
|
SEC Use Only
|
4
|
|
Citizenship or Place of
Organization
Canada
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
5
|
|
Sole Voting Power
18,367,314
(1)
|
|
6
|
|
Shared Voting Power
0
|
|
7
|
|
Sole Dispositive Power
18,367,314
(1)
|
|
8
|
|
Shared Dispositive Power
0
|
|
|
|
|
|
|
|
9
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
18,367,314 (1)
|
10
|
|
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares
☐
|
11
|
|
Percent of
Class Represented by Amount in Row (9)
9.1%(2) (or 29.5%(3) of the aggregate voting power)
|
12
|
|
Type of Reporting
Person
IN
|
(1)
|
Represents (i) 6,292,314 shares of Class A common stock held by Brown Jade Holding Limited, (ii) 75,000
Class A shares of common stock held by THC International Limited, and (iii) 12,000,000 shares of Class B common stock held by Gray Jade Holding Limited. Each of Brown Jade Holding Limited and THC International Limited is beneficially owned
by Mo Chen. Gray Jade Holding Limited is wholly owned by Mo Star LLC, which is wholly owned by The C Family Trust with Mo Chen as the settlor. Each Class B common stock is convertible into one Class A common stock at the option of the
holder at any time.
|
(2)
|
The beneficial ownership percentage is calculated based on (i) 189,026,565 shares of Class A common stock
of the Issuer issued and outstanding as of October 31, 2021, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021, and (ii) assuming
all Class B common stock beneficially held by such reporting person are converted into the same number of Class A common stock.
|
(3)
|
Each holder of Class A common stock is entitled to one vote per share and each holder of Class B
common stock is entitled to ten votes per share, on all matters submitted to them for vote. The voting power of the stock beneficially owned represented 29.5% of the total outstanding voting power, calculated based on (i) 189,026,565 shares of
Class A common stock of the Issuer issued and outstanding as of October 31, 2021, and (ii) 24,000,000 shares of Class B common stock of the Issuer issued and outstanding as of October 31, 2021, each as reported in the
Issuers Form 10-Q filed with the Securities and Exchange Commission on November 4, 2021.
|
6
Page
7
of 12 Pages
|
|
|
|
|
Item 1(a).
|
|
Name of Issuer:
TuSimple Holdings Inc.
|
|
|
Item 1(b).
|
|
Address of Issuers Principal Executive Offices:
9191 Towne Centre Drive, Suite 600, San Diego, California 92122
|
|
|
Item 2(a).
|
|
Name of Person Filing:
(i) Gray Jade Holding Limited;
(ii) Mo Star LLC;
(iii) THC International Limited;
(iv) Brown Jade Holding Limited; and
(v) Mo Chen (each a Reporting Person, collectively, the Reporting Persons).
|
|
|
Item 2(b).
|
|
Address of Principal Business Office or, if none, Residence:
The addresses of the Reporting Persons are:
For Gray Jade Holding Limited
Sertus Chambers, P.O. Box 905, Quastisky Building
Road Town,
Tortola
British Virgin Islands
For Mo Star LLC
8 The Green, Suite B
Dover, Delaware 19901
For THC International Limited
Craigmuir Chambers
Road Town, Tortola, VG 1110
British Virgin Islands
For Brown Jade Holding Limited
Craigmuir Chambers
Road Town, Tortola, VG 1110
British Virgin Islands
For Mo Chen
9191 Towne Centre Drive, Suite 600
San Diego, California 92122
|
|
|
Item 2(c)
|
|
Citizenship:
Gray Jade Holding Limited British Virgin Islands
Mo Star
LLC State of Delaware
THC International Limited British Virgin Islands
Brown Jade Holding Limited British Virgin Islands
Mo Chen
Canada
|
|
|
Item 2(d).
|
|
Title of Class of Securities:
Class A common stock, par value US$0.0001
per share, of the Issuer.
|
7
Page
8
of 12 Pages
|
|
|
|
|
The Issuers common stock consist of Class A common stock and Class B common stock. Each holder of Class A common
stock is entitled to one vote per share of Class A common stock and each holder of Class B common stock is entitled to ten votes per share of Class B common stock, on all matters submitted to shareholders for vote. Class B common
stock are convertible at any time by the holder thereof into Class A common stock on a one-for-one basis. Class A common stock are not convertible into
Class B common stock under any circumstances.
|
|
|
Item 2(e).
|
|
CUSIP Number:
90089L108
|
|
|
Item 3.
|
|
If this statement is filed pursuant to §§
240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
|
|
|
|
|
Not applicable
|
The following information with respect to the ownership of common stock by the Reporting Persons filing this statement on
Schedule 13G is provided as of December 31, 2021:
|
(a)
|
Amount beneficially owned:
|
See responses to Item 9 on each cover page.
See responses to Item 11 on each cover page.
|
(c)
|
Number of shares as to which each Reporting Person has:
|
|
(i)
|
Sole power to vote or to direct the vote:
|
See responses to Item 5 on each cover page.
|
(ii)
|
Shared power to vote or to direct the vote:
|
See responses to Item 6 on each cover page.
|
(iii)
|
Sole power to dispose or to direct the disposition of:
|
See responses to Item 7 on each cover page.
|
(iv)
|
Shared power to dispose or to direct the disposition of:
|
See responses to Item 8 on each cover page.
|
|
|
|
|
Item 5.
|
|
Ownership of Five Percent or Less of a Class:
|
|
|
|
|
Not applicable
|
|
|
Item 6.
|
|
Ownership of More than Five Percent on Behalf of Another Person:
|
|
|
|
|
Not applicable
|
8
Page
9
of 12 Pages
|
|
|
Item 7.
|
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling Person:
|
|
|
|
|
Not applicable
|
|
|
Item 8.
|
|
Identification and Classification of Members of the Group:
|
|
|
|
|
Not applicable
|
|
|
Item 9.
|
|
Notice of Dissolution of Group:
|
|
|
|
|
Not applicable
|
|
|
Item 10.
|
|
Certifications:
|
|
|
|
|
Not applicable
|
9
Page
10
of 12 Pages
LIST OF EXHIBITS
|
|
|
Exhibit No.
|
|
Description
|
99.1
|
|
Joint Filing Agreement by and among the Reporting Persons dated February 14, 2022
|
10
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 14, 2022
|
|
|
|
|
|
|
Gray Jade Holding Limited
|
|
|
|
By:
|
|
/s/ Mo Chen
|
|
|
|
|
Name:
|
|
Mo Chen
|
|
|
|
|
Title:
|
|
Director
|
|
|
|
|
Mo Star LLC
|
|
|
|
By:
|
|
/s/ Mo Chen
|
|
|
|
|
Name:
|
|
Mo Chen
|
|
|
|
|
Title:
|
|
Director
|
|
|
|
|
THC International Limited
|
|
|
|
By:
|
|
/s/ Mo Chen
|
|
|
|
|
Name:
|
|
Mo Chen
|
|
|
|
|
Title:
|
|
Director
|
|
|
|
|
Brown Jade Holding Limited
|
|
|
|
By:
|
|
/s/ Mo Chen
|
|
|
|
|
Name:
|
|
Mo Chen
|
|
|
|
|
Title:
|
|
Director
|
|
|
|
|
Mo Chen
|
|
|
|
|
|
/s/ Mo Chen
|
11
TuSimple (NASDAQ:TSP)
Historical Stock Chart
From Mar 2024 to Apr 2024
TuSimple (NASDAQ:TSP)
Historical Stock Chart
From Apr 2023 to Apr 2024