Rush Enterprises director sells 8,000 shares
Rush Enterprises director Michael McRoberts reported an exercise-and-sale transaction in Class A Common Stock.
Rhea-AI Filing Summary
Rush Enterprises director Michael McRoberts reported an exercise-and-sale transaction in Class A Common Stock. On April 30, 2026, he exercised options to acquire 8,000 shares at $15.06 per share, then sold 8,000 shares in an open-market sale at a weighted average price of $72.2317 per share, with individual sale prices ranging from $71.99 to $72.2317.
Following these transactions, McRoberts directly holds 16,229.339 shares of Class A Common Stock. The exercised options came from a grant exercisable in one-third increments beginning on the third anniversary of the grant date and expiring on March 15, 2027, with 6,500 option shares reported remaining outstanding.
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Insider Trade Summary
Exercise and Sale: 8,000 shares ($457K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
McRoberts Michael
Role
Director
Sold
8,000 shs ($578K)
Approx. gross sale proceeds
$578K
Approx. exercise cost
$120K
Approx. pre-tax spread
$457K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) | 8,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 8,000 | $15.06 | $120K |
| Sale | Class A Common Stock | 8,000 | $72.2317 | $578K |
Holdings After Transaction:
Option (right to buy) — 6,500 contracts (Direct);
Class A Common Stock — 16,229.339 shares (Direct)
Footnotes (2)
- F1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.99 to $72.2317. 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.
- F2. 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.
Key Figures
Shares sold: 8,000 shares
Weighted average sale price: $72.2317 per share
Options exercised: 8,000 shares
+4 more
7 metrics
Shares sold
8,000 shares
Class A Common Stock sold in open market on April 30, 2026
Weighted average sale price
$72.2317 per share
Open-market sale with trades from $71.99 to $72.2317
Options exercised
8,000 shares
Options exercised into Class A Common Stock on April 30, 2026
Option exercise price
$15.06 per share
Exercise price for 8,000 options converted to common shares
Shares held after transactions
16,229.339 shares
Direct Class A Common Stock ownership following April 30, 2026 trades
Remaining options
6,500 options
Options on Class A Common Stock remaining outstanding after exercise
Option expiration date
March 15, 2027
Expiration date for the option grant with $15.06 exercise price
Key Terms
open-market sale, weighted average price, derivative security, Option (right to buy), +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"This price is a weighted average price. These shares were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Option (right to buy) financial
"security_title": "Option (right to buy)""
exercise price financial
"conversion_or_exercise_price": "15.0600""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RUSH ENTERPRISES INC (RUSHA) report for Michael McRoberts?
RUSH ENTERPRISES INC reported that director Michael McRoberts exercised options for 8,000 Class A shares at $15.06 and sold 8,000 shares in an open-market transaction at a weighted average price of $72.2317, all on April 30, 2026.
What option exercise did Michael McRoberts report at Rush Enterprises (RUSHA)?
He exercised stock options covering 8,000 Rush Enterprises Class A shares at an exercise price of $15.06 per share. These options vest in one-third increments starting on the third anniversary of the grant date and are scheduled to expire on March 15, 2027.
What Rush Enterprises (RUSHA) options remain for Michael McRoberts after the reported exercise?
Following the April 30, 2026 exercise of 8,000 options, the filing shows that McRoberts has 6,500 Rush Enterprises options remaining. These carry a $15.06 exercise price and an expiration date of March 15, 2027, subject to their original vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
