---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159846"
form_type: "8-K"
ticker: "TSPH"
cik: "0001823593"
company_name: "TuSimple Holdings Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:29:04.339245+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# TuSimple adopts executive severance plan with change-in-control benefits for CFO Tapia

## Summary
- Plan adopted May 30, 2023; CFO Eric Tapia initially designated as Participant.
- Non-CIC severance: 0.5x (base salary + target bonus) lump sum, plus 12× monthly COBRA cost.
- CIC severance: 1x (base salary + target bonus) lump sum, full equity acceleration, plus 12× COBRA.
- Severance conditioned on signing release; benefit reduced if Section 280G excise tax triggered.

## SEC filing metadata
- accession: 0001193125-23-159846
- form_type: 8-K
- ticker: TSPH
- cik: 0001823593
- company_name: TuSimple Holdings Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823593/000119312523159846/0001193125-23-159846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823593/000119312523159846/d477529d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159846
- JSON: https://secwatch.observer/filing/0001193125-23-159846.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159846.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.