Steven L. Keller - Dec 5, 2022 Form 4 Insider Report for RUSH ENTERPRISES INC \TX\ (RUSHA)

Role: CFO & Treasurer
Signature: /s/ Steven L. Keller
Stock symbol: RUSHA
Transactions as of: Dec 5, 2022
Transactions value $: -$553,050
Form type: 4
Date filed: 12/7/2022, 03:43 PM
Previous filing: May 26, 2022
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RUSHA	Class A Common Stock	Options Exercise	$257K	+15K	+27.44%	$17.13	69.7K	Dec 5, 2022	Direct	F1
transaction	RUSHA	Class A Common Stock	Sale	-$810K	-15K	-21.53%	$54.00	54.7K	Dec 5, 2022	Direct	F1, F2

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	-15K	-100%	$0.00^*	0	Dec 5, 2022	Class A Common Stock	15K	$17.13	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Included 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 $54.02 to $54.00. 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	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.