Jody Pollard - 15 Feb 2024 Form 4 Insider Report for RUSH ENTERPRISES INC \TX\ (RUSHA)

Signature
/s/ Matthew D. Willcox, Attorney in Fact for Jody Pollard
Issuer symbol
RUSHA
Transactions as of
15 Feb 2024
Net transactions value
-$407,752
Form type
4
Filing time
16 Feb 2024, 17:26:40 UTC
Previous filing
28 Jul 2023
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUSHA Class A Common Stock Options Exercise $135,450 +11,250 +405% $12.04 14,027 15 Feb 2024 Direct F1, F2
transaction RUSHA Class A Common Stock Sale $543,202 -11,250 -80% $48.28 2,777 15 Feb 2024 Direct F3

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 -11,250 -100% $0.000000* 0 15 Feb 2024 Class A Common Stock 11,250 $12.04 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 204.735 shares acquired on July 1, 2023, and 173.2101 shares acquired on January 1, 2024, under the Rush Enterprises, Inc. Employee Stock Purchase Plan.
F2 On August 28, 2023, the Issuer effected a 3-for-2 stock split of its common stock. The amount of securities reported on this Form 4 have been adjusted to reflect the stock split.
F3 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.19 to $48.37. 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 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.