Rush Street Interactive (RSI) insider files Form 144 for 100,000 shares

Rhea-AI Filing Summary

Rush Street Interactive (RSI) has a Form 144 disclosing a proposed sale of 100,000 common shares through Merrill Lynch on the NYSE with an aggregate market value of $1,861,900. The shares were acquired as an equity award on 01/07/2025 from Richard Schwartz and were paid for in cash. The filing also records four insider sales by Richard Schwartz in the prior three months totaling 481,715 shares for gross proceeds of $7,376,521. The issuer has 94,555,182 shares outstanding, so the proposed 100,000-share sale represents about 0.11% of outstanding shares and the recent three-month disposals equal about 0.51% of outstanding shares. Certain issuer and filer contact fields in the filing are blank.

Positive

• Clear disclosure of proposed sale: 100,000 common shares through Merrill Lynch on the NYSE with aggregate market value $1,861,900
• Source of shares disclosed as an equity award dated 01/07/2025 and payment method shown as cash
• Detailed record of recent insider sales in the past three months totaling 481,715 shares for $7,376,521

Negative

• Filer and issuer contact fields are incomplete or blank in the filing, reducing administrative completeness
• Significant insider dispositions occurred recently (481,715 shares sold in three months), which investors may view as notable despite representing ~0.51% of outstanding shares

Insights

Securities Analyst

TL;DR: Insider Richard Schwartz plans to sell 100,000 shares; recent sales total 481,715 shares for $7.38M, representing modest dilution versus outstanding stock.

The Form 144 shows the source of the 100,000 shares as an equity award granted 01/07/2025 and indicates planned disposition via Merrill Lynch on 08/11/2025 with an aggregate value of $1,861,900. Recent sales by the same individual over the prior three months amount to 481,715 shares for $7,376,521. Relative to the issuer's 94,555,182 shares outstanding, these transactions are small in percentage terms (~0.11% and ~0.51%), suggesting limited direct impact on share count or control.

Corporate Governance Expert

TL;DR: The filing documents routine insider dispositions from an equity award and provides required Rule 144 disclosure, though some filer/issuer contact fields are empty.

The notice identifies the broker and payment method and aggregates recent sales, supporting transparency under Rule 144. The filer represents no undisclosed material adverse information, and the filing references Rule 10b5-1 language though no plan adoption date is provided in the document. Missing contact/CIK fields limit administrative completeness but do not alter the transactional facts presented.

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

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	100000	1861900.00	94555182	08/11/2025	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	01/07/2025	equity award	Richard Schwartz			100000	01/07/2025	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
Richard Schwartz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	08/08/2025	93905	1752906.00
Richard Schwartz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	07/08/2025	193905	2984198.00
Richard Schwartz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	06/10/2025	70000	957159.00
Richard Schwartz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	06/09/2025	123905	1682258.00

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

What does the RSI Form 144 disclose?

The Form 144 discloses a proposed sale of 100,000 common shares on the NYSE via Merrill Lynch with an aggregate market value of $1,861,900 and lists recent insider sales totaling 481,715 shares for $7,376,521.

Who is the seller in this Form 144 for RSI?

The securities were acquired and are being sold by Richard Schwartz; the 100,000 shares were reported as an equity award received on 01/07/2025.

How many RSI shares were sold by the insider in the past three months?

Richard Schwartz sold 481,715 shares in the prior three months, generating total gross proceeds of $7,376,521.

How large is the proposed sale relative to RSI's outstanding shares?

The issuer reports 94,555,182 shares outstanding; the proposed 100,000-share sale equals about 0.11% of outstanding shares.

How were the acquired shares paid for?

The filing states the equity award shares were paid for in cash on 01/07/2025.