Kevin B. Reid Sr. - 24 Feb 2024 Form 4 Insider Report for STURM RUGER & CO INC (RGR)

Role: VP & General Counsel
Signature: /s/ David J. Muhlenberg, attorney-in-fact
Issuer symbol: RGR
Transactions as of: 24 Feb 2024
Net transactions value: -$59,217
Form type: 4
Filing time: 27 Feb 2024, 11:13:33 UTC
Previous filing: 09 Jun 2023
Next filing: 04 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RGR	Common Stock	Options Exercise	$153,931	+3,569	+19%	$43.13	22,246	24 Feb 2024	Direct	F1
transaction	RGR	Common Stock	Disposed to Issuer	$153,931	-3,569	-16%	$43.13	18,677	24 Feb 2024	Direct	F1
transaction	RGR	Common Stock	Award	$0	+2,962	+16%	$0.000000	21,639	24 Feb 2024	Direct
transaction	RGR	Common Stock	Tax liability	$59,217	-1,373	-6.3%	$43.13	20,266	24 Feb 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		-3,569	-30%		8,517	24 Feb 2024	Common Stock	3,569		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 3,569 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 3,569 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.