Pollard Jody 4

What Happened

• Jody Pollard, Senior Vice President of Rush Enterprises (RUSHA), exercised 11,250 stock options at $15.06 per share (cost $169,425) on Feb 19, 2026 and then sold the 11,250 shares in the open market the same day for total proceeds of about $809,087 (weighted average sale price $71.92). The filing also reports the associated derivative (the option) being disposed (reported at $0), consistent with exercising the option and selling the underlying shares.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely within SEC business-day window).
• Exercise: 11,250 shares acquired at $15.06 each; total exercise cost $169,425.
• Sale: 11,250 shares sold, weighted average price $71.92, total proceeds ≈ $809,087. Sale prices ranged from $71.47 to $72.3250 (footnote F2).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1: Filing includes fractional shares from the Employee Stock Purchase Plan (137.0488 shares on July 1, 2025 and 130.8615 shares on Jan 1, 2026).
  • F2: Weighted-average sale price; reporting person can provide per-trade prices on request.
  • F3: Notes the option vesting schedule (options may vest in 1/3 increments annually beginning on the third anniversary of grant).
• No 10b5-1 plan, tax-withholding, or late-filing flag reported.

Context

• This is a common pattern called a cashless exercise: the insider exercised options and sold the resulting shares the same day, converting option value into cash. Such sales are often routine (e.g., to cover exercise costs, taxes, or diversify) and are factual disclosures rather than explicit endorsements of company prospects.
• For retail investors, purchases typically carry more direct positive signal than routine option exercises followed by immediate sales; this filing documents realized proceeds and the option mechanics rather than a long-term buy.