Michael McRoberts - Mar 4, 2022 Form 4 Insider Report for RUSH ENTERPRISES INC \TX\ (RUSHB)

Role: COO
Signature: Steven L. Keller, Attorney in Fact for Michael McRoberts
Stock symbol: RUSHB
Transactions as of: Mar 4, 2022
Transactions value $: -$375,042
Form type: 4
Date filed: 3/8/2022, 04:37 PM
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RUSHB	Class A Common Stock	Options Exercise	$60.5K	+3K	+28.79%	$20.18	13.4K	Mar 4, 2022	Direct	F1
transaction	RUSHB	Class A Common Stock	Sale	-$153K	-3K	-22.35%	$50.91	10.4K	Mar 4, 2022	Direct	F2
transaction	RUSHB	Class A Common Stock	Sale	-$60.6K	-1.19K	-11.42%	$50.91	9.23K	Mar 4, 2022	Direct	F2
transaction	RUSHB	Class B Common Stock	Sale	-$222K	-4.62K	-3.2%	$48.14	140K	Mar 4, 2022	Direct	F3, F4

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	RUSHB	Option (right to buy)	Options Exercise	$0	-3K	-100%	$0.00^*	0	Mar 4, 2022	Class A Common Stock	3K	$20.18	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Includes 308.9005 shares acquired on July 1, 2021, and 288.5869 shares acquired on January 1, 2022, under the Rush Enterprises, Inc. Employee Stock Purchase Plan.
F2	This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.3150 to $51.89. The reporting person undertakes to provide Rush Enterprises, Inc., any security holder of Rush Enterprises, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.30. The reporting person undertakes to provide Rush Enterprises, Inc., any security holder of Rush Enterprises, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	Includes unvested restricted stock and certain shares included in the Rush Enterprises, Inc. Deferred Compensation Plan.
F5	Options may be exercised in increments of 1/3 on the anniversary of the grant date beginning on the third anniversary of the grant date. The grant date is ten years prior to the expiration date.