[8-K] Rush Street Interactive, Inc. Reports Material Event

Rhea-AI Filing Summary

Rush Street Interactive promoted Kyle Sauers to President, effective October 15, 2025. He will continue serving as Chief Financial Officer and report to CEO Richard Schwartz. Sauers, 54, joined the company in 2020 and previously held senior finance roles at Echo Global Logistics, Varian/BIR, Sphere Communications, and APAC after starting at Arthur Andersen.

His annual base salary was increased to $650,000. He remains eligible for short‑term incentives with a 90% target of base pay and long‑term incentives increased to at least six times his annualized salary. He also received a one‑time grant of restricted stock units valued at $1,000,000, vesting in equal installments over four years, subject to continued service. The company disclosed no related‑party arrangements or relationships tied to the appointment.

Insights

Corporate Governance and Compensation Analyst

Officer promoted to dual role with higher pay and larger equity; governance centralization with retention focus.

Rush Street Interactive promoted Kyle Sauers to President effective October 15, 2025 while he continues as Chief Financial Officer, reporting to the CEO. Compensation changes include an annual base salary of $650,000, a long‑term incentive target of at least 600% of base, a short‑term incentive target of 90% of base, and a one‑time $1,000,000 RSU grant vesting over four years.

This concentrates operational and financial oversight in one executive. The larger equity mix and four‑year vesting emphasize retention and alignment with equity performance. The company disclosed no related‑party relationships or arrangements linked to this appointment and furnished a press release under Item 7.01, which carries no Section 18 liability as presented.

Key watch items: any subsequent disclosures on role delineation between President/CFO and CEO, future equity award cadence consistent with the “at least six times base” LTI framework, and upcoming vesting schedules over the four‑year horizon. The effective date October 15, 2025 marks when compensation changes commence.

0001793659FALSE00017936592025-10-152025-10-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 15, 2025

RUSH STREET INTERACTIVE, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-39232			84-3626708
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

900 N. Michigan Avenue, Suite 950

Chicago, Illinois 60611

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (773) 893-5855

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

RSI

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) Appointment of Certain Officers

Effective October 15, 2025, the Board of Directors (the “Board”) of Rush Street Interactive, Inc. (the “Company”) promoted Kyle Sauers, 54, to President. He will continue serving as Chief Financial Officer, a position to which he was appointed in October 2020, and he will continue to report to Mr. Richard Schwartz, the Company’s Chief Executive Officer.

Prior to joining the Company, Mr. Sauers served as the Chief Financial Officer of Echo Global Logistics (“Echo”) from 2013 to 2020 and as Senior Vice President of Finance and Controller from 2011 to 2013. Echo is a leading Fortune 1000 provider of technology-enabled technology and supply chain services. Prior to Echo, Mr. Sauers was the General Manager of Varian Medical Systems’ Security & Inspection Products Division, a result of Varian’s acquisition of Bio-Imaging Research (“BIR”) where he had served on the board of directors and as Chief Financial Officer since 2005. BIR was a leading supplier of cargo screening systems and software. Prior to BIR, Mr. Sauers spent eight years at Sphere Communications, a leading VoIP software technology company, most recently as Chief Financial Officer. Before Sphere, Mr. Sauers served in various financial management positions at APAC Customer Services, a provider of outsourced customer care and acquisition services. Mr. Sauers began his career as part of the Audit and Business Advisory Practice at Arthur Andersen LLP. Mr. Sauers graduated from the University of Illinois with a Bachelor of Science degree in Accounting.

In connection with his promotion, Mr. Sauers’ annual base salary was increased to $650,000, effective as of October 15, 2025. He will continue to be eligible to participate in the Company’s long-term and short-term incentive compensation plans, with the amount of his annual long-term incentives increasing to be equal to at least six times his annualized base salary and his short-term incentive plan target remaining the same at 90% of his annualized base salary. Mr. Sauers also received a one-time grant of restricted stock units valued at $1,000,000, which will vest in equal installments over a four-year period subject to Mr. Sauers’s continued service through the applicable vesting dates. There are no arrangements or understandings between Mr. Sauers and any other person pursuant to which Mr. Sauers was appointed as President and Chief Financial Officer of the Company. Mr. Sauers does not have any family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company. There are no related person transactions or relationships between Mr. Sauers and the Company that are required to be reported under Item 404(a) of Regulation S-K in this Current Report on Form 8-K.

Item 7.01    Regulation FD Disclosure.

On October 15, 2025, the Company issued a press release announcing Mr. Sauers’ promotion to President and Chief Financial Officer of the Company. The press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

The information included in Item 7.01 of this Current Report on Form 8-K and related Exhibit 99.1 hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press Release, dated October 15, 2025, announcing the promotion of Kyle Sauers to President and Chief Financial Officer.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			RUSH STREET INTERACTIVE, INC.
			By:			/s/ Richard Schwartz
						Name: Richard Schwartz
						Title: Chief Executive Officer
Dated: October 15, 2025

FAQ

What did RSI (RSI) announce in this 8-K?

The company promoted Kyle Sauers to President, effective October 15, 2025, while he continues as Chief Financial Officer.

What is Kyle Sauers’ new compensation at RSI?

His base salary is $650,000; short‑term incentive target remains 90% of base salary; long‑term incentives increase to at least six times base salary.

Did Kyle Sauers receive any equity awards from RSI (RSI)?

Yes. He received a one‑time grant of restricted stock units valued at $1,000,000, vesting in equal installments over four years, subject to continued service.

Does RSI report any related‑party relationships for this appointment?

No. The company states there are no arrangements, family relationships, or related‑person transactions requiring disclosure for this appointment.

Will Kyle Sauers remain CFO of RSI?

Yes. He will serve as both President and Chief Financial Officer, reporting to CEO Richard Schwartz.

Did RSI issue a press release about the promotion?

Yes. A press release dated October 15, 2025 is furnished as Exhibit 99.1 and incorporated by reference.