Thomas Patrick Sullivan - Feb 24, 2024 Form 4 Insider Report for STURM RUGER & CO INC (RGR)

Role: Senior VP of Operations
Signature: /s/ David J. Muhlenberg, attorney-in-fact
Stock symbol: RGR
Transactions as of: Feb 24, 2024
Transactions value $: -$58,010
Form type: 4
Date filed: 2/27/2024, 11:07 AM
Previous 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	$178K	+4.12K	+21.14%	$43.13	23.6K	Feb 24, 2024	Direct	F1
transaction	RGR	Common Stock	Disposed to Issuer	-$178K	-4.12K	-17.45%	$43.13	19.5K	Feb 24, 2024	Direct	F1
transaction	RGR	Common Stock	Award	$0	+3.42K	+17.55%	$0.00	22.9K	Feb 24, 2024	Direct
transaction	RGR	Common Stock	Tax liability	-$58K	-1.35K	-5.87%	$43.13	21.6K	Feb 24, 2024	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	RGR	Restricted Stock Units	Options Exercise		-4.12K	-30%		9.61K	Feb 24, 2024	Common Stock	4.12K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 24, 2021, the reporting person was granted 4,118 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 February 24, 2021, the reporting person was granted 4,118 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.