Rush Street Interactive (RSI) CEO reports PSU vesting and tax withholding
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Executive Officer and director Richard Todd Schwartz reported equity compensation activity in the company’s Class A common stock. On January 6, 2026, he acquired 1,318,300 shares through the vesting and settlement of Performance Stock Units originally granted on March 15, 2023, which were subject to performance criteria. On the same date, 576,959 shares were withheld to cover withholding taxes due upon that PSU settlement, rather than being sold in the open market. Following these transactions, Schwartz directly holds 1,196,162 shares of Class A common stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,318,300 | $19.77 | $26.06M |
| Tax Withholding | Class A Common Stock | 576,959 | $19.77 | $11.41M |
Footnotes (1)
- Represents the aggregate number of shares acquired by the Reporting Person upon the vesting and settlement of Performance Stock Units ("PSUs") originally granted to the Reporting Person on March 15, 2023, the vesting of which was subject to the achievement of certain performance criteria. Represents shares withheld to cover withholding taxes due upon settlement of the PSUs originally granted to the Reporting Person on March 15, 2023.
FAQ
What insider transaction did RSI CEO Richard Todd Schwartz report?
Richard Todd Schwartz, Chief Executive Officer and director of Rush Street Interactive, Inc. (RSI), reported the vesting and settlement of Performance Stock Units into Class A common stock and related tax withholding on January 6, 2026.
What are the Performance Stock Units mentioned in the RSI Form 4?
The filing explains that the reported shares came from the vesting and settlement of Performance Stock Units (PSUs) granted on March 15, 2023, which vested only upon achievement of specified performance criteria.
Is the RSI Form 4 transaction an open-market purchase or sale?
The Form 4 shows share issuance from PSU vesting and shares withheld for taxes. It does not describe an open-market purchase or sale by the CEO.