Goldstone Michael L 4

What Happened

• Michael L. Goldstone, SVP, General Counsel and Corporate Secretary of Rush Enterprises (RUSHA), exercised 4,500 stock options at $15.06 per share (cost $67,770) on 2026-02-19 and sold 4,500 shares that same day in the open market for total proceeds of $323,383. The filing also shows the underlying derivative/option was converted/terminated as part of the transaction.

Key Details

• Transaction date: 2026-02-19 (filed 2026-02-23; filing appears timely).
• Exercise: 4,500 shares at $15.06 each; total exercise cost reported $67,770.
• Sale: 4,500 shares sold at a weighted average price of $71.86; total proceeds reported $323,383. (Footnote F2: sale prices ranged from $71.75 to $72.01 across multiple trades.)
• Derivative disposition: the option/derivative for 4,500 shares was recorded as converted/terminated (reported at $0).
• Shares owned after transaction: not specified in the supplied excerpt. Footnote F1 notes holdings include 41.1146 shares acquired 7/1/2025 and 39.2584 shares acquired 1/1/2026 under the company ESPP.
• Footnote F3: the options exercised are subject to a vesting/exercise schedule (may be exercisable in 1/3 increments on each anniversary beginning the third anniversary of grant).

Context

• This was an exercise followed by an immediate open-market sale (a cashless or simultaneous exercise-and-sell pattern). That typically converts options into cash proceeds rather than increasing the insider's long-term share stake.
• The filing is factual and routine in form; it does not, by itself, indicate the insider’s broader market view.