ROBERT MADISON MURPHY - 08 Nov 2023 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role: Director
Signature: /s/ Gregory L. Smith, attorney-in-fact
Issuer symbol: MUSA
Transactions as of: 08 Nov 2023
Net transactions value: -$11,000,700
Form type: 4
Filing time: 09 Nov 2023, 16:31:42 UTC
Previous filing: 08 Sep 2023
Next filing: 05 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUSA	Common Stock	Sale	$11,000,700	-30,000	-6.8%	$366.69	412,077	08 Nov 2023	By Trust	F1
holding	MUSA	Common Stock						41,379	08 Nov 2023	By Spouse
holding	MUSA	Common Stock						1,318	08 Nov 2023	Trustee For My Children

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $364.42 to $373.01, inclusive.