Rush Enterprises director exercises options, sells shares
Rush Enterprises director and Senior Advisor Michael McRoberts reported an option exercise combined with a share sale.
Rhea-AI Filing Summary
Rush Enterprises director and Senior Advisor Michael McRoberts reported an option exercise combined with a share sale. On 2026-08-03, he exercised options to acquire 6,500 shares of Class A Common Stock at an exercise price of $15.06 per share, fully eliminating that option position. The same day, he sold 6,500 shares at a weighted average price of $81.435 per share, with individual sale prices ranging from $81.26 to $81.57. The transactions are indicated as not being made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 6,500 shares ($431K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
McRoberts Michael
Role
Director
Sold
6,500 shs ($529K)
Approx. gross sale proceeds
$529K
Approx. exercise cost
$98K
Approx. pre-tax spread
$431K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) F2 | 6,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,500 | $15.06 | $98K |
| Sale | Class A Common Stock F1 | 6,500 | $81.435 | $529K |
Holdings After Transaction:
Option (right to buy) — 0 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 $81.26 to $81.57. 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
Options exercised: 6,500 shares
Option exercise price: $15.06 per share
Shares sold: 6,500 shares
+3 more
6 metrics
Options exercised
6,500 shares
Options to buy Class A Common Stock exercised on 2026-08-03
Option exercise price
$15.06 per share
Conversion or exercise price of options exercised on 2026-08-03
Shares sold
6,500 shares
Class A Common Stock sold on 2026-08-03 following option exercise
Weighted average sale price
$81.435 per share
Weighted average for sales between $81.26 and $81.57
Option expiration date
2027-03-15
Expiration date of the option grant that was exercised
Options remaining from this grant
0 shares
Total derivative shares following option exercise recorded as zero
Key Terms
weighted average price, grant date, expiration date, derivative security, +1 more
5 terms
weighted average price financial
"This price is a <b>weighted average price</b>. These shares were sold in multiple..."
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.
grant date financial
"Options may be exercised... beginning on the third anniversary of the <b>grant date</b>..."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
expiration date financial
"The grant date is ten years prior to the <b>expiration date</b>."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
derivative security financial
"transaction code M: Exercise or conversion of <b>derivative security</b>"
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.
Class A Common Stock financial
"underlying_security_title: <b>Class A Common Stock</b>"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Michael McRoberts report for RUSHA?
Michael McRoberts reported an option exercise and share sale involving Rush Enterprises Class A Common Stock. He exercised options for 6,500 shares at $15.06 per share and sold the same number of shares the same day.
What was the option exercise price in the RUSHA Form 4 transaction?
The options exercised by McRoberts had an exercise price of $15.06 per share. Exercising these options on 2026-08-03 converted them into 6,500 shares of Rush Enterprises Class A Common Stock, which were then sold the same day.
Were McRoberts’ RUSHA trades made under a Rule 10b5-1 trading plan?
The disclosure indicates the trades were not made under a Rule 10b5-1 trading plan. The document-level checkbox for such a plan was left unchecked, suggesting these transactions were not executed pursuant to a preset trading program.
What does the weighted average sale price mean in McRoberts’ RUSHA Form 4?
The weighted average price of $81.435 reflects multiple trades executed between $81.26 and $81.57. The filer notes that detailed information about the number of shares sold at each separate price is available upon request to Rush Enterprises or the SEC staff.
What are the key dates for the options in McRoberts’ RUSHA transaction?
The options could be exercised in one-third increments beginning on the third anniversary of the grant date. The grant date was ten years before the expiration date of 2027-03-15, as described in the transaction footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
