RSI Form 144: Einar Roosileht Plans Sale of 70,000 Shares for $1.5M
Rhea-AI Filing Summary
Rush Street Interactive insider sale notice: This Form 144 shows Einar Roosileht plans to sell 70,000 common shares of Rush Street Interactive, Inc. (RSI) on the NYSE through Merrill Lynch on approximately 09/02/2025 for an aggregate market value of $1,500,338.77. The shares were created by conversion of units on 08/29/2025 and will be paid in cash. The filing reports 88,607,034 shares outstanding, and discloses three prior sales by the same person in the past three months totaling 210,000 shares with gross proceeds of $3,434,773.26.
Positive
- Compliance disclosure: Form 144 filed and includes broker details (Merrill Lynch) and planned sale date
- Transaction specifics provided: acquisition date (08/29/2025), nature of acquisition (units converted to shares), and payment method (cash)
- Prior sales disclosed: three sales in the past three months totaling 210,000 shares with gross proceeds of $3,434,773.26
Negative
- None.
Insights
TL;DR Insider Einar Roosileht files to sell 70,000 RSI shares via broker; prior monthly sales are disclosed.
The filing is a routine Form 144 notice indicating planned sale of common shares created by unit conversion on 08/29/2025 and to be sold on or about 09/02/2025 through Merrill Lynch. The notice includes prior sales in June, July and August 2025 totaling 210,000 shares. For investors this is a disclosure of insider liquidity rather than an operational update; the amount represents a small fraction of the 88,607,034 shares outstanding.
TL;DR The filer complied with Rule 144 disclosure requirements and documented recent sales, showing regulatory transparency.
The form includes acquisition details (units converted to shares), broker information, and past three months of sales with gross proceeds, meeting the procedural elements required for Rule 144 notices. The signer affirms no undisclosed material adverse information and the filing warns about legal penalties for misstatements, consistent with standard attestation language.