WILLIAM M. RUSTY RUSH - 07 Dec 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
07 Dec 2023
Net transactions value
-$2,742,487
Form type
4
Filing time
08 Dec 2023, 18:08:37 UTC
Previous filing
07 Dec 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUSHA Class A Common Stock Options Exercise $216,841 +16,122 +9.3% $13.45 190,276 07 Dec 2023 Direct F1
transaction RUSHA Class A Common Stock Sale $649,831 -16,122 -8.5% $40.31 174,154 07 Dec 2023 Direct F1, F2
transaction RUSHA Class A Common Stock Options Exercise $1,144,972 +85,128 +49% $13.45 259,282 08 Dec 2023 Direct F1
transaction RUSHA Class A Common Stock Sale $3,454,469 -85,128 -33% $40.58 174,154 08 Dec 2023 Direct F1, F3
holding RUSHA Class A Common Stock 6,184 07 Dec 2023 By 3MR Partners, L.P.
holding RUSHA Class B Common Stock 6,750,000 07 Dec 2023 By 3MR Partners, L.P.
holding RUSHA Class B Common Stock 743,809 07 Dec 2023 Direct 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 RUSHA Option (right to buy) Options Exercise $0 -16,122 -16% $0.000000 85,128 07 Dec 2023 Class A Common Stock 16,122 $13.45 Direct F5
transaction RUSHA Option (right to buy) Options Exercise $0 -85,128 -100% $0.000000* 0 08 Dec 2023 Class A Common Stock 85,128 $13.45 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes certain shares included in the Company's deferred compensation plan.
F2 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.25 to $40.68. 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.
F3 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.32 to $40.88. 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.
F4 Includes unvested restricted stock and certain shares included in the Company's deferred compensation plan.
F5 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.