Steven L. Keller - 15 Mar 2023 Form 4 Insider Report for RUSH ENTERPRISES INC \TX\ (RUSHA)

Role: CFO & Treasurer
Signature: /s/ Steven L. Keller
Issuer symbol: RUSHA
Transactions as of: 15 Mar 2023
Net transactions value: -$221,367
Form type: 4
Filing time: 17 Mar 2023, 18:25:56 UTC
Previous filing: 14 Mar 2023
Next filing: 08 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RUSHA	Class B Common Stock	Tax liability	$103,767	-1,868	-1.4%	$55.55	128,224	15 Mar 2023	Direct	F1, F2
transaction	RUSHA	Class B Common Stock	Tax liability	$117,599	-2,117	-1.7%	$55.55	126,107	15 Mar 2023	Direct	F2, F3
transaction	RUSHA	Class B Common Stock	Award	$0	+22,000	+17%	$0.000000	148,107	15 Mar 2023	Direct	F2, F4
holding	RUSHA	Class A Common Stock						55,130	15 Mar 2023	Direct	F5, F6

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	RUSHA	Option (right to buy)	Award	$0	+10,000		$0.000000	10,000	15 Mar 2023	Class A Common Stock	10,000	$52.56	Direct	F7

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

Explanation of Responses:

Id	Content
F1	Shares reported are shares not reported to the reporting person in order to satisfy the reporting person's tax obligations with respect to vesting associated with the grant of restricted stock that occurred on March 15, 2021.
F2	Includes unvested restricted stock and certain shares included in the Company's deferred compensation plan.
F3	Shares reported are shares not reported to the reporting person in order to satisfy the reporting person's tax obligations with respect to vesting associated with the grant of restricted stock that occurred on March 15, 2022.
F4	Reflects the grant of restricted stock. The restricted stock vests in increments of 1/3 on each of the first, second and third anniversary of the grant date, which is March 15, 2023.
F5	Includes 259.21 shares acquired on July 1, 2022, and 211.61 shares acquired o January 1, 2023, under the Rush Enterprises, Inc. Employee Stock Purchase Plan.
F6	Includes certain shares included in the Company's deferred compensation plan.
F7	Options may be exercised in increments of 1/3 on each 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.