RSI insider sale notice: 57,167 shares proposed; 718,453 sold in recent months

Rhea-AI Filing Summary

Form 144 notice for Rush Street Interactive, Inc. (RSI) shows a proposed sale of 57,167 common shares through Merrill Lynch on 09/09/2025 with an aggregate market value of $1,192,972.00. The filing states the shares were acquired on 09/08/2025 by conversion of units from Richard Schwartz and paid for in cash on that date. The form also discloses prior sales by Richard Schwartz during the past three months totaling 718,453 shares for aggregate gross proceeds of $11,608,018.00 across six transactions dated from 06/09/2025 to 09/08/2025. The notice includes certifications required by Rule 144, including the seller's representation that no undisclosed material adverse information is known.

Positive

• Full broker identification provided: Merrill Lynch, Pierce, Fenner & Smith Inc., Boca Raton FL
• Acquisition details documented: shares were converted from units on 09/08/2025 and paid in cash
• Seller certifications included asserting no undisclosed material adverse information

Negative

• Large recent insider sales: six sales in the past three months totaling 718,453 shares for $11,608,018.00 in gross proceeds
• Proposed additional sale of 57,167 shares on 09/09/2025 valued at $1,192,972.00, which further reduces insider shareholdings

Insights

Securities Analyst

TL;DR: Notice documents an insider sale schedule and recent significant share disposals totaling 718,453 shares in three months.

The filing is a routine Rule 144 disclosure documenting a proposed 57,167-share sale via Merrill Lynch and the acquisition of those shares by conversion on 09/08/2025. The record of six prior sales by Richard Schwartz over the past three months is material for liquidity and ownership tracking because it shows sizable dispositions totaling 718,453 shares for $11,608,018.00 in gross proceeds. This is a transparency event; the filing does not state motives, trading plans, or any nonpublic operational information.

Corporate Governance Expert

TL;DR: The notice meets Rule 144 disclosure requirements and includes the seller's Rule 10b5-1/absence representations.

The submission includes required seller attestations and a clear broker identification (Merrill Lynch, Boca Raton FL). It documents the chain of acquisition (units converted to shares from Richard Schwartz on 09/08/2025) and payment in cash, which are important for establishing Rule 144 eligibility. The filing contains no statements of undisclosed material information and no Plan adoption date is provided on the form.

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	57167	1192972.00	94555182	09/09/2025	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	09/08/2025	units converted to shares	Richard Schwartz			57167	09/08/2025	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	09/08/2025	136738	2854597.00
Richard Schwartz 900 N. MICHIGAN AVENUE, SUITE 950 Chicago IL 60611	common	08/11/2025	100000	1861900.00
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 Form 144 filed for Rush Street Interactive (RSI) report?

The form reports a proposed sale of 57,167 common shares via Merrill Lynch on 09/09/2025 with an aggregate market value of $1,192,972.00.

Who is the selling party named in the RSI Form 144?

The transactions and acquisitions are reported as involving Richard Schwartz, including conversions of units to shares and multiple sales.

How many shares has Richard Schwartz sold in the past three months according to the filing?

The filing discloses six sales over the past three months totaling 718,453 shares for aggregate gross proceeds of $11,608,018.00.

How were the shares being sold acquired according to the filing?

The 57,167 shares to be sold were acquired on 09/08/2025 by conversion of units from Richard Schwartz and paid for in cash on that date.

Which exchange will handle the proposed sale listed in the Form 144 for RSI?

The filing lists the New York Stock Exchange (NYSE) as the securities exchange for the proposed sale.