Form 4: Rush Enterprises CFO Steven Keller Executes Option and Sells Shares

Steven Keller, CFO & Treasurer of Rush Enterprises, exercised options to acquire 14,625 shares of Class A Common Stock at $12.04 and sold the same amount at an average price of $58.5022 on November 4, 2024.

Summary

• On November 4, 2024, Steven L. Keller, CFO & Treasurer of Rush Enterprises, exercised options to purchase 14,625 shares of Class A Common Stock at a price of $12.04 per share.
• Simultaneously, Keller sold 14,625 shares of Class A Common Stock at a weighted average price of $58.5022, with individual transactions ranging from $58.50 to $58.52.
• Following these transactions, Keller directly owns 83,364.503 shares of Class A Common Stock, in addition to 14,625 derivative securities (options).
• The options are exercisable in increments of 1/3 on each anniversary of the grant date, beginning on the third anniversary of the grant date, and the grant date is ten years prior to the expiration date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

This filing reflects routine transactions by a company executive and is typical for executives holding stock options as part of their compensation.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.

Key Dates