Rush Enterprises Inc (RUSHA) CFO exercises options, sells 22,500 shares
Rhea-AI Filing Summary
Rush Enterprises Inc. officer Steven L. Keller, CFO & Treasurer, exercised stock options covering 1,822 and 20,678 shares of Class A Common Stock at a $15.06 exercise price on July 30–31, 2026, then sold the same 22,500 shares at weighted-average prices of $81.1187 and $80.7262, with individual trades between $81.00–$81.3731 and $80.50–$80.86.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 22,500 shares ($1.48M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Keller Steven L
Role
CFO & Treasurer
Sold
22,500 shs ($1.82M)
Approx. gross sale proceeds
$1.82M
Approx. exercise cost
$339K
Approx. pre-tax spread
$1.48M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) F3 | 20,678 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,678 | $15.06 | $311K |
| Sale | Class A Common Stock F2 | 20,678 | $80.7262 | $1.67M |
| Exercise | Option (right to buy) F3 | 1,822 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,822 | $15.06 | $27K |
| Sale | Class A Common Stock F1 | 1,822 | $81.1187 | $148K |
Holdings After Transaction:
Option (right to buy) — 0 shares (Direct);
Class A Common Stock — 84,373.52 shares (Direct)
Footnotes (3)
- F1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.00 to $81.3731. 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. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.50 to $80.86. 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.
- F3. 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 July 30, 2026: 1822 shares
Weighted-average sale price July 30, 2026: $81.1187 per share
Shares sold July 31, 2026: 20678 shares
+4 more
7 metrics
Shares sold July 30, 2026
1822 shares
Class A Common Stock sold in open-market transactions at weighted-average price
Weighted-average sale price July 30, 2026
$81.1187 per share
Sales executed in multiple trades between $81.00 and $81.3731
Shares sold July 31, 2026
20678 shares
Class A Common Stock sold in open-market transactions at weighted-average price
Weighted-average sale price July 31, 2026
$80.7262 per share
Sales executed in multiple trades between $80.50 and $80.86
Total shares exercised and sold
22500 shares
Options exercised and resulting Class A Common Stock sold across July 30–31, 2026
Option exercise price
$15.0600 per share
Exercise or conversion price for options into Class A Common Stock
Option expiration date
2027-03-15
Expiration date of the reported Option (right to buy)
Key Terms
Option (right to buy), Class A Common Stock, weighted average price, derivative security
4 terms
Option (right to buy) financial
"security_title: "Option (right to buy)" with underlying Class A Common Stock"
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock" in option and sale entries"
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.
weighted average price financial
"This price is a weighted average price. These shares were sold in multiple transactions"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did RUSHA CFO Steven L. Keller report?
Steven L. Keller, CFO & Treasurer of Rush Enterprises Inc. (RUSHA), reported exercising options for 22,500 shares of Class A Common Stock on July 30–31, 2026, and selling all 22,500 shares in open-market transactions immediately after the exercises.
What was the option exercise price in the RUSHA CFO’s Form 4 transactions?
The reported stock options had an exercise price of $15.06 per share. Keller exercised options for 1,822 shares on July 30, 2026, and 20,678 shares on July 31, 2026, receiving Class A Common Stock before selling those shares in open-market transactions.
Were the RUSHA CFO’s July 2026 sales made in multiple trades?
Yes. Each reported per-share sale price is a weighted average price. Footnotes state the July 30 trades ranged from $81.00 to $81.3731, and the July 31 trades ranged from $80.50 to $80.86, with full trade details available on request.
What do the option terms look like in the RUSHA CFO’s reported transactions?
The options exercised by Keller are described as “Option (right to buy)” for Class A Common Stock at a $15.06 exercise price, expiring on March 15, 2027. A footnote indicates they may be exercised in one-third increments beginning on the third anniversary of the grant date.
Were the RUSHA CFO’s trades reported as under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes do not reference a trading plan. The report therefore does not characterize these July 30–31, 2026 transactions as being executed pursuant to a pre-arranged Rule 10b5-1 trading plan.