[Form 4] Rush Enterprises Inc Insider Trading Activity

Rhea-AI Filing Summary

Jason Wilder, Chief Operating Officer of Rush Enterprises, reported a sale of Class B common stock on 08/12/2025. The Form 4 shows 4,980 Class B shares were sold at a weighted average price of $55.5527; the filer notes the shares were sold in multiple transactions at prices ranging from $55.5459 to $56.1650. After the reported transactions the reporting person beneficially owned 79,692 shares, which the form states includes unvested restricted stock. The Form 4 was submitted under power of attorney by Matthew D. Willcox on 08/13/2025.

Positive

• Complete disclosure of execution details: the filing includes a weighted average price and the range of trade prices.
• Officer retains meaningful ownership: reporting person still beneficially owns 79,692 shares, including unvested restricted stock.

Negative

• Officer sale reported: 4,980 Class B shares were disposed of on 08/12/2025, which may be interpreted by some investors as insider liquidity.

Insights

Financial Analyst

TL;DR: A routine officer sale of 4,980 Class B shares at ~$55.55; holdings remain substantial at 79,692 shares.

The filing documents an officer-initiated disposition rather than an acquisition. The sale was executed across multiple transactions at a reported weighted average price of $55.5527, reducing the reporting person's beneficial holdings to 79,692 shares, inclusive of unvested restricted stock. For investors this is a disclosure of insider liquidity but the filing does not indicate any change in role or additional corporate actions.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; sale details and price range are fully disclosed.

The Form 4 identifies the reporting person as the COO and provides a clear explanation of the weighted average sale price and the range of execution prices. The submission executed by an attorney-in-fact and the inclusion of unvested restricted stock in post-transaction holdings are relevant governance details. The disclosure appears complete for the reported transactions and consistent with routine insider reporting obligations.

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
Estimated average burden
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^*

Wilder Jason

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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 B Common Stock	08/12/2025		S		4,980	D	$55.5527(1)	79,692(2)	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

Explanation of Responses:

1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.5459 to $56.1650. 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.

2. Includes shares of unvested restricted stock.

	/s/ Matthew D. Willcox, as Attorney in Fact for Jason Wilder	08/13/2025
	** 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 did the Form 4 filed for RUSHB report?

The Form 4 reports that Jason Wilder sold 4,980 Class B shares on 08/12/2025 at a weighted average price of $55.5527.

How many shares does the reporting person own after the sale?

The filing states the reporting person beneficially owned 79,692 shares after the reported transactions, including unvested restricted stock.

What price range were the sold shares executed at?

The seller notes transactions occurred at prices ranging from $55.5459 to $56.1650 and provides a weighted average price of $55.5527.

Who signed the Form 4 and when was it filed?

The Form 4 was signed under power of attorney by Matthew D. Willcox on 08/13/2025.

What is Jason Wilder's role at Rush Enterprises?

The filing identifies Jason Wilder as the Chief Operating Officer (COO) of Rush Enterprises.