Steven L. Keller - Dec 7, 2023 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 7, 2023
Transactions value $
-$725,450
Form type
4
Date filed
12/8/2023, 04:13 PM
Previous filing
Mar 17, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUSHA Class A Common Stock Options Exercise $363K +27K +32.65% $13.45 110K Dec 7, 2023 Direct F1, F2
transaction RUSHA Class A Common Stock Sale -$1.09M -27K -24.61% $40.32 82.7K Dec 7, 2023 Direct F2, 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 -27K -100% $0.00* 0 Dec 7, 2023 Class A Common Stock 27K $13.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes certain shares included in the Company's deferred compensation plan.
F3 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.25 to $40.68. 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.