WILLIAM M. RUSTY RUSH - 14 Mar 2025 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: 14 Mar 2025
Net transactions value: -$1,836,410
Form type: 4
Filing time: 18 Mar 2025, 19:00:20 UTC
Previous filing: 07 Nov 2024
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	Award	$0	+70,000	+9.1%	$0.000000	837,295	14 Mar 2025	Direct	F1, F2
transaction	RUSHA	Class B Common Stock	Tax liability	$594,882	-10,998	-1.3%	$54.09	826,297	15 Mar 2025	Direct	F2, F3, F4
transaction	RUSHA	Class B Common Stock	Tax liability	$744,927	-13,772	-1.7%	$54.09	812,525	15 Mar 2025	Direct	F2, F4, F5
transaction	RUSHA	Class B Common Stock	Tax liability	$496,600	-9,181	-1.1%	$54.09	803,344	15 Mar 2025	Direct	F2, F4, F6
holding	RUSHA	Class A Common Stock						174,154	14 Mar 2025	Direct	F7
holding	RUSHA	Class B Common Stock						6,612,102	14 Mar 2025	By 3MR Partners, L.P.
holding	RUSHA	Class A Common Stock						6,184	14 Mar 2025	By 3MR Partners, L.P.

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	14 Mar 2025	Class A Common Stock	35,000	$53.60	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 14, 2025.
F2	Includes shares of 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	The price reported was the closing share price on March 14, 2025.
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	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, 2024.
F7	Includes certain shares included in the Company's deferred compensation plan.
F8	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.