W. M. Rusty Rush - Mar 15, 2024 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
Stock symbol
RUSHA
Transactions as of
Mar 15, 2024
Transactions value $
-$2,042,412
Form type
4
Date filed
3/19/2024, 05:26 PM
Previous filing
Dec 8, 2023
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUSHA Class B Common Stock Tax liability -$648K -12.8K -1.73% $50.64 725K Mar 15, 2024 Direct F1, F2, F3
transaction RUSHA Class B Common Stock Tax liability -$697K -13.8K -1.9% $50.64 711K Mar 15, 2024 Direct F2, F4
transaction RUSHA Class B Common Stock Tax liability -$697K -13.8K -1.94% $50.64 697K Mar 15, 2024 Direct F2, F5
transaction RUSHA Class B Common Stock Award $0 +70K +10.04% $0.00 767K Mar 15, 2024 Direct F2, F6
holding RUSHA Class B Common Stock 6.76M Mar 15, 2024 By 3MR Partners, L.P. F7
holding RUSHA Class A Common Stock 6.18K Mar 15, 2024 By 3MR Partners, L.P.
holding RUSHA Class A Common Stock 174K Mar 15, 2024 Direct F8

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 +35K $0.00 35K Mar 15, 2024 Class A Common Stock 35K $49.24 Direct F9
* 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 The shares reported have been decreased by 6,185 shares to correct an inadvertent error in the Form 4 filed for the reporting person on December 8, 2023.
F4 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.
F5 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, 2023.
F6 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, 2024.
F7 The shares reported have been increased by 6,185 shares to correct an inadvertent error in the Form 4 filed for the reporting person on December 8, 2023.
F8 Includes certain shares included in the Company's deferred compensation plan.
F9 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.