Thomas Patrick Sullivan - 24 Feb 2024 Form 4 Insider Report for STURM RUGER & CO INC (RGR)

Role: Senior VP of Operations
Signature: /s/ David J. Muhlenberg, attorney-in-fact
Issuer symbol: RGR
Transactions as of: 24 Feb 2024
Net transactions value: -$58,010
Form type: 4
Filing time: 27 Feb 2024, 11:07:53 UTC
Previous 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	$177,609	+4,118	+21%	$43.13	23,596	24 Feb 2024	Direct	F1
transaction	RGR	Common Stock	Disposed to Issuer	$177,609	-4,118	-17%	$43.13	19,478	24 Feb 2024	Direct	F1
transaction	RGR	Common Stock	Award	$0	+3,418	+18%	$0.000000	22,896	24 Feb 2024	Direct
transaction	RGR	Common Stock	Tax liability	$58,010	-1,345	-5.9%	$43.13	21,551	24 Feb 2024	Direct

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		-4,118	-30%		9,610	24 Feb 2024	Common Stock	4,118		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 24, 2021, the reporting person was granted 4,118 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 February 24, 2021, the reporting person was granted 4,118 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.