Thomas Patrick Sullivan - Mar 3, 2023 Form 4 Insider Report for STURM RUGER & CO INC (RGR)

Role: Senior VP of Operations
Signature: /s/ Thomas A. Dineen, attorney-in-fact
Stock symbol: RGR
Transactions as of: Mar 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/6/2023, 02:23 PM
Previous filing: Mar 1, 2023
Next filing: Jun 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RGR	Common Stock	Options Exercise	$276K	+4.76K	+24.42%	$58.06	24.2K	Mar 3, 2023	Direct	F1
transaction	RGR	Common Stock	Disposed to Issuer	-$276K	-4.76K	-19.63%	$58.06	19.5K	Mar 3, 2023	Direct	F1

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	RGR	Restricted Stock Units	Options Exercise		-4.76K	-37.08%		8.07K	Mar 3, 2023	Common Stock	4.76K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On March 3, 2020, the reporting person was granted 4,756 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on the third anniversary of the grant. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.

Content

On March 3, 2020, the reporting person was granted 4,756 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on the third anniversary of the grant. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.