STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

RSI Rule 144 Notice: 70,000-Share Sale via Merrill Lynch Listed on NYSE

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

Rhea-AI Filing Summary

Rush Street Interactive insider sale notice under Rule 144. An individual reported conversion of 70,000 units into common shares on 09/30/2025 and a proposed sale of those 70,000 common shares on 10/01/2025 through Merrill Lynch on the NYSE with an aggregate market value listed as $1,394,448.45 and total shares outstanding of 88,607,034. The filing also discloses three prior sales by the same person in the past three months: 70,000 shares on 07/01/2025 for $1,030,960.52, 70,000 shares on 08/01/2025 for $1,323,783.58, and 70,000 shares on 09/02/2025 for $1,500,338.77. The filer certifies no undisclosed material adverse information and indicates sales will be for cash.

Positive

  • Rule 144 compliance: Notice filed with broker and exchange details, showing procedural transparency
  • Full transaction details provided: acquisition date, nature (units converted), payment method (cash), and broker identified

Negative

  • Concentrated insider selling: Four separate 70,000-share transactions within three months, indicating 280,000 shares sold or proposed
  • Material proceeds disclosed: Prior three months' gross proceeds total $4,855,082.87, which is a sizable insider disposition disclosed in the filing

Insights

TL;DR: Insider filings show repeated monthly sales of 70,000-share blocks, with another 70,000-share sale proposed via Merrill Lynch.

The pattern of four 70,000-share transactions in close succession is material from a disclosure perspective because it increases the public float sold by an insider over a short period. The document clearly states each sale amount, dates, and gross proceeds, and identifies the broker and exchange. This is a routine Rule 144 notice that documents compliance with resale requirements; it does not include forward-looking or operational company information.

TL;DR: Filing fulfills Rule 144 notice requirements; signer affirms no undisclosed material adverse information.

The form provides the required acquisition and sale details: conversion date, source as the issuer, payment in cash, broker details, and prior three months' sale history with gross proceeds. From a governance standpoint, the notice contains the standard certification about material information and warnings about false statements. The filing is procedural and appropriately structured for public disclosure.

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 RSI disclose about the proposed sale?

The notice reports a proposed sale of 70,000 common shares of Rush Street Interactive (RSI) on 10/01/2025 through Merrill Lynch with an aggregate market value of $1,394,448.45.

Who acquired the shares and how were they acquired according to the filing?

The filing states the shares were acquired on 09/30/2025 by conversion of units to shares from the issuer, with payment specified as cash.

What insider sales in the past three months does the filing list for RSI?

The filing lists three prior sales by the same person: 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.

Which broker and exchange are named for the proposed sale?

The broker is Merrill Lynch, Pierce, Fenner & Smith Inc. and the sale is listed on the NYSE.

Does the filer state there is any undisclosed material adverse information?

The signer represents that they do not know any material adverse information regarding the issuer that has not been publicly disclosed.
Rush Street Interactive Inc

NYSE:RSI

RSI Rankings

RSI Latest News

RSI Latest SEC Filings

RSI Stock Data

1.81B
91.18M
7.53%
94.54%
8.38%
Gambling
Services-miscellaneous Amusement & Recreation
Link
United States
CHICAGO