WILLIAM M. RUSTY RUSH - 15 Mar 2023 Form 4 Insider Report for RUSH ENTERPRISES INC \TX\ (RUSHA)

Role: CEO, President and COB, Director, 10%+ Owner
Signature: /s/ Steven L. Keller, Attorney-in-Fact for W.M. "Rusty" Rush
Issuer symbol: RUSHA
Transactions as of: 15 Mar 2023
Net transactions value: -$608,717
Form type: 4
Filing time: 17 Mar 2023, 18:26:24 UTC
Previous filing: 14 Mar 2023
Next filing: 07 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	$293,082	-5,276	-0.37%	$55.55	1,427,431	15 Mar 2023	Direct	F1, F2
transaction	RUSHA	Class B Common Stock	Tax liability	$315,635	-5,682	-0.4%	$55.55	1,421,749	15 Mar 2023	Direct	F2, F3
transaction	RUSHA	Class B Common Stock	Award	$0	+70,000	+4.9%	$0.000000	1,491,749	15 Mar 2023	Direct	F2, F4
holding	RUSHA	Class B Common Stock						4,504,123	15 Mar 2023	By 3MR Partners, L.P.
holding	RUSHA	Class A Common Stock						4,123	15 Mar 2023	By 3MR Partners, L.P.
holding	RUSHA	Class A Common Stock						116,101	15 Mar 2023	Direct	F5

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	+35,000		$0.000000	35,000	15 Mar 2023	Class A Common Stock	35,000	$52.56	Direct	F6

* 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 certain shares included in the Company's deferred compensation plan.
F6	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.