{"url_path":"/sec/rusha/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant**’**s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-25","source_url":"https://www.sec.gov/Archives/edgar/data/1012019/0001437749-26-005424-index.html","accession_number":"0001437749-26-005424","cik":"0001012019","ticker":"RUSHA","issuer_name":"RUSH ENTERPRISES INC \\TX\\","edgar_url":"https://www.sec.gov/Archives/edgar/data/1012019/0001437749-26-005424-index.html","primary_entity_key":"0001012019","primary_entity_name":"RUSH ENTERPRISES INC \\TX\\"},"word_count":888,"has_tables":true,"body_markdown":"**Item 5. Market for Registrant**’**s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities**\n\n \n\nOur common stock trades on The NASDAQ Global Select Market SM under the symbols RUSHA and RUSHB. During 2025, our Board approved four quarterly cash dividends on all outstanding shares of common stock totaling $0.74 per share. We expect to continue paying cash dividends on a quarterly basis. However, there is no assurance as to the payment of future dividends because the declaration and payment of such dividends is subject to the business judgment of our Board and will depend on historic and projected earnings, capital requirements, covenant compliance, financial conditions and such other factors as the Board deems relevant.\n\n \n\n28\n\n[Table of Contents](#toc)\n\n \n\nThe following table sets forth the high and low sales prices for our Class A common stock and Class B common stock for the fiscal periods indicated and as quoted on The NASDAQ Global Select MarketSM and dividends declared.\n\n \n\n \n \n\n**2025**\n\n \n \n\n**2024**\n\n \n\n \n \n\n**Dividends**\n\n**Declared**\n\n \n \n\n**High**\n\n \n \n\n**Low**\n\n \n \n\n**Dividends**\n\n**Declared**\n\n \n \n\n**High**\n\n \n \n\n**Low**\n\n \n\n**Class A Common Stock**\n\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\nFirst Quarter\n\n \n$\n0.18\n \n \n$\n65.43\n \n \n$\n51.50\n \n \n$\n0.17\n \n \n$\n53.72\n \n \n$\n42.77\n \n\nSecond Quarter\n\n \n \n0.18\n \n \n \n56.39\n \n \n \n47.06\n \n \n \n0.17\n \n \n \n53.78\n \n \n \n41.51\n \n\nThird Quarter\n\n \n \n0.19\n \n \n \n59.37\n \n \n \n50.41\n \n \n \n0.18\n \n \n \n56.64\n \n \n \n40.99\n \n\nFourth Quarter\n\n \n \n0.19\n \n \n \n59.83\n \n \n \n45.67\n \n \n \n0.18\n \n \n \n65.15\n \n \n \n49.52\n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n**Class B Common Stock**\n\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n \n*** ***\n*** ***\n*** ***\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\nFirst Quarter\n\n \n$\n0.18\n \n \n$\n61.55\n \n \n$\n51.68\n \n \n$\n0.17\n \n \n$\n53.35\n \n \n$\n45.00\n \n\nSecond Quarter\n\n \n \n0.18\n \n \n \n60.90\n \n \n \n49.25\n \n \n \n0.17\n \n \n \n53.31\n \n \n \n37.85\n \n\nThird Quarter\n\n \n \n0.19\n \n \n \n60.17\n \n \n \n51.99\n \n \n \n0.18\n \n \n \n51.91\n \n \n \n37.92\n \n\nFourth Quarter\n\n \n \n0.19\n \n \n \n61.53\n \n \n \n47.71\n \n \n \n0.18\n \n \n \n58.61\n \n \n \n43.81\n \n\n \n\nAs of February 17, 2026, there were nineteen record holders of Class A common stock and twenty-one record holders of Class B common stock. On August 28, 2023, we effected a three-for-two stock split with respect to both our Class A and Class B common stock in the form of a stock dividend. The foregoing stock prices and the following share amounts have been adjusted to give retroactive effect to the stock split for all periods presented.\n\n \n\nWe have not sold any securities in the last three years that were not registered under the Securities Act.\n\n \n\nA summary of our stock repurchase activity for the fourth quarter of 2025 is as follows:\n\n \n\n**Period**\n\n \n\n**Total**\n\n**Number of**\n\n**Shares**\n\n**Purchased**\n\n**(1)(2)(3)(4)**\n\n \n \n\n**Average**\n\n**Price Paid**\n\n**Per Share**\n\n**(1)**\n\n \n \n\n**Total Number**\n\n**of Shares**\n\n**Purchased as**\n\n**Part of Publicly**\n\n**Announced**\n\n**Plans or**\n\n**Programs (2)**\n\n \n \n\n**Approximate**\n\n**Dollar Value of**\n\n**Shares that May**\n\n**Yet be**\n\n**Purchased Under**\n\n**the Plans or**\n\n**Programs (3)(4)**\n\n \n\nOctober 1 – October 31, 2025\n\n \n \n770,752\n \n \n$\n51.60\n(5)\n \n \n770,752\n \n \n$\n28,219,573\n \n\nNovember 1 – November 30, 2025\n\n \n \n585,606\n \n \n \n48.16\n(6)\n \n \n585,606\n \n \n \n49\n \n\nDecember 1 – December 31, 2025\n\n \n \n-\n \n \n \n-\n \n \n \n-\n \n \n \n150,000,000\n \n\nTotal\n\n \n \n1,356,358\n \n \n \n \n \n \n \n1,356,358\n \n \n \n \n \n\n \n\n(1)\n\nThe calculation of the average price paid per share does not give effect to any fees, commissions or other costs associated with the repurchase of such shares.\n\n(2)\n\nThe shares represent Class A and Class B common stock repurchased.\n\n(3)\n\nWe repurchased shares in 2025 under a stock repurchase program announced on December 3, 2024, which authorized the repurchase of up to $150.0 million of our shares of Class A common stock and/or Class B common stock.\n\n(4)\n\nOn May 29, 2025, we announced the approval of a $50.0 million increase to the stock repurchase program, effective May 29, 2025, authorizing management to repurchase, from time to time, up to an aggregate of $200.0 million of our shares of Class A common stock and/or Class B common stock. This plan was terminated effective December 2, 2025; we repurchased $199.9 million shares of our Class A and Class B common stock under the plan prior to its termination. On December 3, 2025, we announced the approval of a new stock repurchase program, effective December 3, 2025, authorizing management to repurchase, from time to time, up to an aggregate of $150.0 million of our shares of Class A common stock and/or Class B common stock.\n\n(5)\n\nRepresents 642,401 shares of Class A Common Stock at an average price paid per share of $50.68 and 128,351 shares of Class B Common Stock at an average price paid per share of $56.20.\n\n(6)\n\nRepresents 585,606 shares of Class A common stock at an average price paid per share of $48.16.\n\n \n\nInformation regarding our equity compensation plans is incorporated by reference from Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters,” of this annual report on Form 10-K and should be considered an integral part of this Item 5.\n\n \n\n29\n\n[Table of Contents](#toc)\n\n \n\n*Performance Graph*\n\n \n\nThe graph below matches the cumulative 5-Year total return of holders of Rush Enterprises, Inc.'s common stock with the cumulative total returns of the S&P 500 index and a customized peer group of four companies that includes: Lithia Motors Inc, Paccar Inc, Penske Automotive Group Inc and Werner Enterprises Inc. The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on December 31, 2020 and tracks it through December 31, 2025.\n\n \n\n \n\n \n \n\n12/20\n\n \n \n\n12/21\n\n \n \n\n12/22\n\n \n \n\n12/23\n\n \n \n\n12/24\n\n \n \n\n12/25\n\n \n\nRush Enterprises, Inc.\n\n \n \n100.00\n \n \n \n140.42\n \n \n \n141.30\n \n \n \n204.89\n \n \n \n219.80\n \n \n \n224.79\n \n\nS&P 500\n\n \n \n100.00\n \n \n \n128.71\n \n \n \n105.40\n \n \n \n133.10\n \n \n \n166.40\n \n \n \n196.16\n \n\nPeer Group\n\n \n \n100.00\n \n \n \n114.33\n \n \n \n120.58\n \n \n \n182.41\n \n \n \n196.50\n \n \n \n207.21\n \n\n \n\n*The stock price performance included in this graph is not necessarily indicative of future stock price performance.*\n\n \n\n30"}