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Rush Street Interactive insider sold 105,000 shares recently; files Form 144

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

Rhea-AI Filing Summary

This Form 144 by an insider of Rush Street Interactive, Inc. (RSI) notifies a proposed sale of 30,000 common shares through Merrill Lynch (NYSE) with an aggregate market value of $643,401 and an approximate sale date of 09/02/2025. The shares were acquired as an equity award on 03/26/2024 and paid in cash. The filing also discloses four sales by the same person during the prior three months totaling 105,000 shares for gross proceeds of $1,635,883. The issuer has 94,555,182 shares outstanding per the form.

Positive

  • Form 144 filed showing compliance with Rule 144 disclosure requirements
  • Broker identified (Merrill Lynch), indicating use of an established execution venue

Negative

  • Insider selling activity: 105,000 shares sold in the past three months for $1,635,883 gross proceeds
  • Further proposed sale of 30,000 shares (market value $643,401) which further reduces insider holdings

Insights

TL;DR: Insider plans a modest sale after multiple recent dispositions; the transaction is procedural but reduces insider holdings.

The filing documents a proposed sale of 30,000 shares (market value $643,401) executed through a major broker, following four recent sales totaling 105,000 shares and $1,635,883 gross proceeds in the prior three months. The shares to be sold were originally acquired as an equity award on 03/26/2024 and paid in cash, indicating vested compensation being liquidated. Relative to the reported outstanding shares (94,555,182), these transactions are small in percentage terms but are material for tracking insider selling trends. This is a routine Rule 144 notice; no new financial performance data is provided.

TL;DR: The Form 144 appears compliant and includes required disclosures; it signals ongoing insider sales activity.

The filer uses Merrill Lynch as broker and provides acquisition details and prior sale history as required. The representation about absence of undisclosed material adverse information is present on the form. The disclosure of multiple recent disposals suggests the insider is actively monetizing equity awards or holdings. No information on any trading plan adoption date or reliance on Rule 10b5-1 is provided in the visible remarks fields.

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

FAQ

What does the Form 144 for Rush Street Interactive (RSI) report?

The form reports a proposed sale of 30,000 common shares (aggregate market value $643,401) with an approximate sale date of 09/02/2025 executed through Merrill Lynch.

When and how were the shares to be sold acquired?

The 30,000 shares were acquired as an equity award on 03/26/2024 and the payment type is listed as cash.

How much insider selling occurred in the past three months for RSI?

The filer sold 105,000 shares across four transactions in June–August 2025 for total gross proceeds of $1,635,883.

What is the company's reported number of outstanding shares on the form?

The Form 144 lists 94,555,182 shares outstanding.

Which broker is handling the proposed sale in the Form 144?

The broker named is Merrill Lynch, Pierce, Fenner & Smith Inc. located in Boca Raton, FL, and the sale is to occur on the NYSE.
Rush Street Interactive Inc

NYSE:RSI

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