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Rush Enterprises Inc. (NASDAQ: RUSHA/RUSHB) � Form 4 filing dated 08/06/2025 details one transaction by Senior Advisor and Director Michael McRoberts.
- Option exercise (Code “M�): 6,000 Class A shares were acquired at an exercise price of $7.84, stemming from a 10-year option granted in 2016. The option series is exercisable in 1/3 increments beginning on the third anniversary of the grant.
- Open-market sale (Code “S�): All 6,000 newly issued shares were sold the same day at a weighted-average $54.6399 (price range $54.62�$54.69). McRoberts undertakes to provide detailed price breakdowns on request.
- Post-transaction ownership: 15,771.298 Class A shares remain under direct ownership, unchanged versus pre-transaction levels; no derivative securities remain outstanding from this option grant.
The paired exercise-and-sale effectively converts options to cash without altering the insider’s equity stake, suggesting liquidity or tax motivations rather than a directional view on the company’s prospects.