Rush Street Interactive Form 144 reveals continued insider selling

Rhea-AI Filing Summary

Rush Street Interactive (RSI) – Form 144. The filing discloses that insider Mattias Stetz intends to sell 30,000 common shares through Merrill Lynch on or about 1 Aug 2025. Based on the quoted aggregate market value of $579,117, the indicative price is roughly $19.30 per share.

The same individual has already sold 100,000 shares in the past three months across five transactions, realising $1.35 million in gross proceeds. If the new sale is executed, cumulative disposals disclosed by this Form 144 will total 130,000 shares, equivalent to ≈0.14 % of the company’s 94.56 million shares outstanding. All shares stem from an equity award dated 26 Mar 2024; consideration was paid in cash.

The notice includes the standard representation that the seller is unaware of undisclosed adverse information. No capital is being raised and dilution is nil; the filing merely signals additional supply of insider-held stock entering the market.

Positive

• Sale volume is immaterial at roughly 0.03 % of outstanding shares, limiting market-wide supply impact.
• No dilution; transaction involves secondary shares, not new issuance.

Negative

• Continued insider selling: 100 k shares sold in prior 3 months plus 30 k proposed, signalling potential reduced insider confidence.
• Cumulative gross proceeds of $1.93 million from planned and recent sales may pressure sentiment despite small percentage of float.

Insights

Securities Analyst

TL;DR: Modest-sized insider sale continues recent selling trend; mildly negative signalling effect.

Form 144 shows Stetz planning to add 30 k shares to the 100 k already sold since May. Although the aggregate amount is only 0.14 % of shares outstanding, the steady cadence of disposals may be interpreted by some investors as reduced insider conviction. There is no effect on dilution or cash flow, but incremental supply could weigh on near-term trading if demand is thin. Overall impact: small, yet directionally negative.

Corporate Governance Expert

TL;DR: Routine Rule 144 disclosure; governance processes appear intact, but insider selling trend warrants monitoring.

The filing follows proper Rule 144 procedures: broker named, shares sourced from a 2024 equity award, requisite representations given. No red flags on compliance. However, consecutive monthly sales suggest the executive is systematically reducing exposure. While legally permissible, investors often view persistent insider sales—absent offsetting purchases—as a cautionary signal regarding management’s outlook or personal liquidity preferences.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
common	Merrill Lynch, Pierce, Fenner & Smith Inc. 1 Town Center Road, 9th Floor Boca Raton FL 33486	30000	579117.00	94555182	08/01/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
common	03/26/2024	equity award	Mattias Stetz			30000	03/26/2024	cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Mattias Stetz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	07/03/2025	25000	375000.00
Mattias Stetz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	07/01/2025	25000	370144.00
Mattias Stetz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	06/02/2025	25000	311622.00
Mattias Stetz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	05/08/2025	533	6400.00
Mattias Stetz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	05/01/2025	24467	283083.19

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many RSI shares does the insider plan to sell?

30,000 common shares are scheduled for sale on or about 1 Aug 2025.

What is the aggregate market value of the proposed sale?

The filing lists an aggregate value of $579,117, implying ~$19.30 per share.

How much has the insider already sold recently?

Five trades between May–July 2025 totalled 100,000 shares for $1.35 million in proceeds.

Will the sale dilute existing RSI shareholders?

No. The shares are already outstanding; the filing reflects a secondary sale.

What percentage of RSI’s outstanding shares do the proposed sales represent?

The new 30 k block equals about 0.032 % of the 94.56 million shares outstanding.

Where will the shares be sold?

Through Merrill Lynch on the NYSE, according to the filing.