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  4. [144] Rush Street Interactive, Inc. SEC Filing

Schwartz trusts (NYSE: RSI) disclose 166,666-share sale and prior 10b5-1 trades

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A shareholder is preparing to sell 166,666 shares of common stock through Morgan Stanley Smith Barney LLC’s Executive Financial Services program, with an aggregate market value of $4,484,982.06, relative to 115,626,347 shares outstanding, with sales expected on August 3, 2026 on the NYSE.

The filing also lists prior Rule 10b5-1 plan sales during the past three months by several trusts associated with Richard T. and Lori R. Schwartz, including transactions on June 1, 2026 and July 1, 2026 totaling multiple blocks of 55,556 and 47,222 shares each, for proceeds in the low- to mid-$1 million range per block.

Positive

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Negative

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Planned shares to be sold 166,666 shares Common stock to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services
Market value of planned sale $4,484,982.06 Aggregate market value of 166,666 common shares
Shares outstanding 115,626,347 shares Outstanding common stock used as context for the planned sale
Planned sale date 08/03/2026 Expected date of common stock sale on NYSE
10b5-1 sale block size 55,556 shares Repeated block size sold by certain Schwartz gift trusts on 06/01/2026 and 07/01/2026
10b5-1 sale block size (revocable trust) 47,222 shares Block size sold by the Richard T. Schwartz revocable trust on 06/01/2026 and 07/01/2026
Sample 10b5-1 sale proceeds $1,734,169.43 Proceeds from a 55,556-share sale on 07/01/2026 by a Schwartz gift trust
Form 144 regulatory
"144: Filer Information | | | 144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Rule 10b5-1 regulatory
"10b5-1 Sales for RICHARD T SCHWARTZ 2024 GIFT TRUST"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Founders Shares financial
"Common | 12/29/2020 | Founders Shares | Issuer"
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does this Form 144 indicate for RSI shareholders?
The Form 144 indicates a planned sale of 166,666 common shares through a broker, plus disclosure of recent Rule 10b5-1 plan sales by related trusts. It reflects potential share supply entering the market but does not change the company’s operations or fundamentals.

How many RSI shares are planned for sale under this new notice?
The notice covers a proposed sale of 166,666 shares of common stock. These shares are to be sold through Morgan Stanley Smith Barney LLC’s Executive Financial Services platform and are compared against 115,626,347 shares reported as outstanding for context.

What recent RSI stock sales are disclosed for the Schwartz trusts?
The filing lists recent Rule 10b5-1 sales on June 1 and July 1, 2026. Various Schwartz-related trusts sold blocks of 55,556 and 47,222 shares each date, with individual transactions generating proceeds between about $1.2 million and $1.7 million.

How do the planned RSI share sales compare to shares outstanding?
The planned sale of 166,666 shares is disclosed alongside a total of 115,626,347 shares outstanding. This comparison provides scale, showing that the planned sale represents only a small fraction of the reported outstanding common stock base.

Are the disclosed RSI stock sales under a Rule 10b5-1 trading plan?
Yes. The past three-month sales are explicitly labeled as 10b5-1 Sales for several Schwartz-related trusts. Rule 10b5-1 plans allow pre-arranged trading according to preset instructions, helping separate trading activity from day-to-day discretionary decisions.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR