Rush Street Interactive insider files Form 144/A for 70,000-share sale
Rhea-AI Filing Summary
Rush Street Interactive, Inc. insider filings show a proposed sale of 70,000 common shares through Merrill Lynch with an aggregate market value of $1,394,448.45 and an approximate sale date of 10/01/2025. The filing states the shares were acquired on 09/30/2025 when units were converted to shares and that payment on the planned sale will be in cash. The company has 88,607,034 shares outstanding per the filing. The filer reported three prior sales in the past three months: 70,000 shares on 07/01/2025 for $1,030,960.52, 70,000 on 08/01/2025 for $1,323,783.58, and 70,000 on 09/02/2025 for $1,500,338.77. The notice includes the signer’s representation that they are not aware of undisclosed material adverse information.
Positive
- The filing discloses the proposed sale and prior sales clearly, using a registered broker (Merrill Lynch), which supports regulatory transparency
- The seller represents they are not aware of any undisclosed material adverse information, as required by the form
Negative
- The filer reported multiple recent disposals: 70,000 shares sold on 07/01/2025, 70,000 on 08/01/2025 and 70,000 on 09/02/2025, suggesting ongoing insider selling activity
- Planned additional sale of 70,000 shares on 10/01/2025 increases insider share supply
Insights
TL;DR: Insider disclosed a planned 70,000-share sale after three recent 70,000-share sales.
The filing documents a proposed sale of 70,000 shares on 10/01/2025 and reports three identical prior monthly sales of 70,000 shares each on 07/01/2025, 08/01/2025 and 09/02/2025, with reported gross proceeds for each sale. These entries are explicit, showing recent and continuing disposals by the same person totaling 280,000 shares including the planned sale, based on the listed transactions.
Why it matters: insider sale filings provide transparent record of share dispositions and the filing affirms the seller’s statement about no undisclosed material adverse information.
- What to watch: the 10/01/2025 sale execution and any subsequent Form 4/Form 144 filings that update volumes or proceeds.