Rush Street Interactive CFO sells $611K in stock
Rush Street Interactive’s CFO and President reported a Rule 10b5-1 sale of 23,000 shares, retaining over 600,000 shares afterward.
Rhea-AI Filing Summary
Rush Street Interactive, Inc. (RSI) reported that its Chief Financial Officer and President, Kyle Sauers, sold 23,000 shares of Class A common stock on September 3, 2026 at a price of $26.56 per share, for proceeds of about $610,880. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan, and Sauers continues to hold 606,526 shares directly after the transaction.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 23,000 shares
Net Sell
1 txn
Insider
Sauers Kyle
Role
Chief Financial Officer
Sold
23,000 shs ($611K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 23,000 | $26.56 | $611K |
Holdings After Transaction:
Class A Common Stock — 606,526 shares (Direct)
Footnotes (1)
- F1. Shares were sold pursuant to a 10b5-1 plan.
Key Figures
Shares sold: 23,000 shares
Sale price per share: $26.56 per share
Approximate transaction value: $610,880
+1 more
4 metrics
Shares sold
23,000 shares
Class A common stock sale reported for September 3, 2026
Sale price per share
$26.56 per share
Price for the 23,000 Class A shares sold on September 3, 2026
Approximate transaction value
$610,880
23,000 shares sold at $26.56 per share
Shares held after transaction
606,526 shares
Direct holdings of the reporting officer after the sale
Key Terms
10b5-1 plan
1 terms
10b5-1 plan regulatory
"Shares were sold pursuant to a 10b5-1 plan."
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
FAQ
What insider transaction did RSI’s CFO report in this Form 4?
Kyle Sauers, Chief Financial Officer and President of RSI, reported selling 23,000 shares of Class A common stock on September 3, 2026 at $26.56 per share, for total proceeds of about $610,880.
Does the Form 4 indicate the RSI CFO’s sale was under a Rule 10b5-1 plan?
Yes. The filing notes that the 23,000 shares of Rush Street Interactive, Inc. Class A common stock were sold pursuant to a 10b5-1 plan, indicating the trades were made under a pre-arranged trading arrangement.
What was the sale price in the RSI CFO’s reported transaction?
The Form 4 reports that the 23,000 shares of Rush Street Interactive, Inc. Class A common stock were sold at a price of $26.56 per share on September 3, 2026.
What role does the reporting person hold at Rush Street Interactive (RSI)?
The reporting person, Kyle Sauers, is identified as Chief Financial Officer and President of Rush Street Interactive, Inc. in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.