W. M. Rusty Rush - Nov 6, 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
Nov 6, 2024
Transactions value $
-$6,433,359
Form type
4
Date filed
11/7/2024, 05:44 PM
Previous filing
Aug 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUSHA Class A Common Stock Options Exercise $467K +38.8K +22.25% $12.04 213K Nov 6, 2024 Direct F1
transaction RUSHA Class A Common Stock Sale -$2.48M -38.8K -18.2% $63.98 174K Nov 6, 2024 Direct F1, F2
transaction RUSHA Class A Common Stock Options Exercise $617K +78.8K +45.22% $7.84 253K Nov 6, 2024 Direct F1
transaction RUSHA Class A Common Stock Sale -$5.04M -78.8K -31.14% $63.98 174K Nov 6, 2024 Direct F1, F2
holding RUSHA Class B Common Stock 6.61M Nov 6, 2024 By 3MR Partners, L.P.
holding RUSHA Class A Common Stock 6.18K Nov 6, 2024 By 3MR Partners, L.P.
holding RUSHA Class B Common Stock 767K Nov 6, 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 -38.8K -100% $0.00 0 Nov 6, 2024 Class A Common Stock 38.8K $12.04 Direct F4
transaction RUSHA Option (right to buy) Options Exercise $0 -78.8K -100% $0.00 0 Nov 6, 2024 Class A Common Stock 78.8K $7.84 Direct F4
* 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 $63.75 to $64.3650. 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 Includes unvested restricted stock and certain shares included in the Company's deferred compensation plan.
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.