Rush Enterprises (RUSHA) SVP exercises options, then sells 11,250 shares

Rhea-AI Filing Summary

Rush Enterprises Senior Vice President Jody Pollard exercised options for 11,250 shares of Class A common stock at a price of $15.0600 per share through a derivative conversion. On the same date, Pollard sold 11,250 Class A shares at a weighted average price of $71.9188 per share in open-market transactions at prices ranging from $71.47 to $72.3250. After these transactions, Pollard directly owned 3,384.9103 Class A shares, which include 137.0488 shares acquired on July 1, 2025 and 130.8615 shares acquired on January 1, 2026 under the company’s Employee Stock Purchase Plan.

Insider Trade Summary

Net Seller: 11,250 shares ($809,087)

Net Sell 3 txns

Insider Pollard Jody

Role Senior Vice President

Sold 11,250 shs ($809K)

Type	Security	Shares	Price	Value
Exercise	Option (right to buy)	11,250	$0.00	--
Exercise	Class A Common Stock	11,250	$15.06	$169K
Sale	Class A Common Stock	11,250	$71.9188	$809K

Holdings After Transaction: Option (right to buy) — 0 shares (Direct); Class A Common Stock — 14,634.91 shares (Direct)

Footnotes (1)

1. Includes 137.0488 shares acquired on July 1, 2025, and 130.8615 shares acquired on January 1, 2026, under the Rush Enterprises, Inc. Employee Stock Purchase Plan. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.47 to $72.3250. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pollard Jody

(Last) (First) (Middle)

555 IH 35 SOUTH, SUITE 500

(Street)

NEW BRAUNFELS TX 78130

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RUSH ENTERPRISES INC \TX\ [ RUSHA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/19/2026		M		11,250	A	$15.06	14,634.9104(1)	D
Class A Common Stock	02/19/2026		S		11,250	D	$71.9188(2)	3,384.9103	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$15.06	02/19/2026		M			11,250	(3)	03/15/2027	Class A Common Stock	11,250	$0	0	D

Explanation of Responses:

1. Includes 137.0488 shares acquired on July 1, 2025, and 130.8615 shares acquired on January 1, 2026, under the Rush Enterprises, Inc. Employee Stock Purchase Plan.

2. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.47 to $72.3250. 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.

3. 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.

	/s/ Matthew D. Willcox, as Attorney in Fact for Jody Pollard	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Jody Pollard report for RUSHA?

Jody Pollard reported exercising options for 11,250 Class A shares at $15.0600 each and selling 11,250 Class A shares at a weighted average of $71.9188, all on February 19, 2026, as a direct owner.

How many Rush Enterprises (RUSHA) shares does Jody Pollard own after these trades?

After the reported transactions, Jody Pollard directly owns 3,384.9103 shares of Rush Enterprises Class A common stock. This total includes shares previously acquired through the Employee Stock Purchase Plan on July 1, 2025 and January 1, 2026.

At what prices did Jody Pollard sell RUSHA Class A shares?

The 11,250 Class A shares were sold at a weighted average price of $71.9188 per share. According to the disclosure, the individual sale prices ranged from $71.47 to $72.3250 across multiple open-market transactions.

What options did Jody Pollard exercise in this Rush Enterprises Form 4?

Pollard exercised an option to acquire 11,250 shares of Rush Enterprises Class A common stock at an exercise price of $15.0600 per share. The transaction is classified as an exercise or conversion of a derivative security under code M.

What do the ESPP footnotes in the RUSHA Form 4 indicate?

The footnotes state Pollard’s holdings include 137.0488 shares acquired on July 1, 2025 and 130.8615 shares acquired on January 1, 2026 under the Rush Enterprises Employee Stock Purchase Plan, clarifying how part of the current direct ownership was accumulated.

Were Jody Pollard’s RUSHA share sales made in multiple trades?

Yes. The filing explains the 11,250 shares were sold in multiple transactions, with prices ranging from $71.47 to $72.3250. The weighted average sale price disclosed is $71.9188 per share for the full reported block.