RSI COO Mattias Stetz sells 110,000 shares
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Operating Officer Mattias Stetz reported that entities associated with him, including a trust and his spouse, sold a total of 110,000 shares of Class A Common Stock in open-market transactions on March 2–4, 2026 at weighted average prices between $19.29 and $20.46 per share under a Rule 10b5-1 trading plan.
On March 2, 2026, a trust exchanged 50,000 Class A Common Units of Rush Street Interactive, L.P. for 50,000 shares of Class A Common Stock, and an equivalent number of Class V Voting Stock shares, which carry voting but no economic rights, were canceled. Stetz disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
STETZ MATTIAS
Role
Chief Operating Officer
Sold
110,000 shs ($2.20M)
Approx. gross sale proceeds
$2.20M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,495 | $20.22 | $172K |
| Sale | Class A Common Stock | 3,397 | $20.2199 | $69K |
| Sale | Class A Common Stock | 3,398 | $20.2199 | $69K |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 21,232 | $20.0749 | $426K |
| Sale | Class A Common Stock | 8,493 | $20.0749 | $170K |
| Sale | Class A Common Stock | 8,493 | $20.0749 | $170K |
| Conversion | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 20,273 | $20.0057 | $406K |
| Sale | Class A Common Stock | 8,110 | $20.0057 | $162K |
| Sale | Class A Common Stock | 28,109 | $19.8785 | $559K |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 900,000 contracts (Indirect, By Trust);
Class V Voting Stock — 900,000 shares (Indirect, By Trust);
Class A Common Stock — 0 shares (Indirect, By Trust);
Class A Common Stock — 145,448 shares (Indirect, By Spouse);
Class A Common Stock — 249,624 shares (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 482,078 contracts (Direct)
Footnotes (8)
- F1. On March 2, 2026, the Reporting Person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 50,000 Class A Common Stock Units ("RSI Units") for 50,000 shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the Reporting Person being canceled.
- F2. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose.
- F3. The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Voting Stock will be entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Voting Stock held at the time of such vote.
- F4. Shares were sold pursuant to a 10b5-1 plan.
- F5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.04 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.29 to $20.04 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.46 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, beginning on June 29, 2021, the RSI Units beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RSI COO Mattias Stetz report in this Form 4 filing?
Mattias Stetz reported multiple insider transactions involving Rush Street Interactive shares. Entities associated with him sold 110,000 shares of Class A Common Stock and converted 50,000 partnership units into Class A shares, with an equivalent number of Class V Voting Stock shares canceled.
What happened to the 50,000 Class A Common Units of Rush Street Interactive, L.P.?
A trust associated with Mattias Stetz exchanged 50,000 Class A Common Units for 50,000 Class A Common Stock shares. At the same time, an equivalent 50,000 shares of Class V Voting Stock held by the reporting person were canceled, aligning voting and economic interests.
What rights does the Class V Voting Stock of Rush Street Interactive provide?
Class V Voting Stock provides voting rights but no economic rights in Rush Street Interactive. Each Class V share entitles its holder to vote like a common stockholder, with votes equal to the number of Class V shares held, but it does not participate in the company’s economic returns.
How does Mattias Stetz describe his beneficial ownership of the reported RSI securities?
He disclaims beneficial ownership of the reported securities except for his pecuniary interest. The Form 4 notes that this disclaimer applies for Section 16 and other purposes, even though the transactions are reported as occurring through a trust, his spouse, and direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
