Rush Street Interactive insider filing: 15,038 vested shares for sale on NYSE
Rhea-AI Filing Summary
Rush Street Interactive, Inc. (RSI) filing a Form 144 shows a proposed sale of 15,038 Class A shares through Fidelity Brokerage Services with an aggregate market value of $335,948.92. The shares represent part of a total of 95,339,349 outstanding Class A shares and are to be sold on the NYSE with an approximate sale date of 09/30/2025. The filer acquired these shares on 09/27/2025 by restricted stock vesting from the issuer and payment/consideration is listed as compensation on 09/27/2025. The filer reports no sales of issuer securities in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information.
Positive
- Full disclosure of the proposed sale including share count, aggregate market value, broker, and exchange
- Acquisition nature clearly stated as restricted stock vesting and payment as compensation
- Filer attests they are not aware of undisclosed material adverse information
- No sales in past three months reported for the filer
Negative
- Short interval between acquisition and proposed sale (acquired 09/27/2025; approximate sale 09/30/2025) which may warrant attention from investors
- Filing provides no disclosure of any 10b5-1 trading plan adoption date or other trading instruction details
Insights
TL;DR: Routine insider sale notice: 15,038 vested Class A shares (compensation) proposed for sale on NYSE via Fidelity for ~$336k.
The filing documents a routine Form 144 notice for an insider or affiliate of Rush Street Interactive proposing to sell newly vested restricted stock. The transaction is documented with acquisition date, nature of acquisition (restricted stock vesting), and payment described as compensation, which supports the view that these are shares issued upon vesting rather than an open-market purchase. The sale is routed through Fidelity Brokerage Services and is scheduled with an approximate date, meeting Form 144 disclosure requirements. The filing also states there were no sales in the past three months, suggesting this notice is the primary recent disposition disclosure for the filer.
TL;DR: Compliance disclosure present; filing records the intended sale of vested compensation shares and the insider attests to no undisclosed material information.
The Form 144 includes the required attestations and details: class of security, count, aggregate market value, outstanding shares, acquisition source, and nature of payment. These elements enable stakeholders to verify that the transaction arose from compensation-related vesting. From a governance perspective, the explicit attestation regarding material information and the absence of other recent sales are important compliance signals, though the form does not supply context on any trading plan or Rule 10b5-1 adoption date.