Thomas Patrick Sullivan - 03 Mar 2023 Form 4 Insider Report for STURM RUGER & CO INC (RGR)

Role: Senior VP of Operations
Signature: /s/ Thomas A. Dineen, attorney-in-fact
Issuer symbol: RGR
Transactions as of: 03 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2023, 14:23:39 UTC
Previous filing: 01 Mar 2023
Next filing: 09 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RGR	Common Stock	Options Exercise	$276,133	+4,756	+24%	$58.06	24,234	03 Mar 2023	Direct	F1
transaction	RGR	Common Stock	Disposed to Issuer	$276,133	-4,756	-20%	$58.06	19,478	03 Mar 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RGR	Restricted Stock Units	Options Exercise		-4,756	-37%		8,071	03 Mar 2023	Common Stock	4,756		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 3, 2020, the reporting person was granted 4,756 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on the third anniversary of the grant. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.

Content

On March 3, 2020, the reporting person was granted 4,756 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on the third anniversary of the grant. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.