RSI Insider Richard Todd Schwartz Disposes 193,905 Class A Shares via 10b5-1

Rhea-AI Filing Summary

Richard Todd Schwartz, who is listed as a director and Chief Executive Officer of Rush Street Interactive, reported sales of Class A common stock across two dates in August 2025. On 08/08/2025 he sold 93,905 shares at a weighted average price of $18.6668 (sales ranged from $18.445 to $19.47) pursuant to a 10b5-1 plan dated August 16, 2024. On 08/11/2025 he sold 100,000 shares at a weighted average price of $18.619 (sales ranged from $18.49 to $18.92).

After the reported transactions the filing shows 823,566 Class A shares beneficially owned. The form is signed by an attorney-in-fact, Kyle Sauers, on behalf of the reporting person. The filing provides weighted-average prices and price ranges and indicates the sales were executed under a pre-established trading plan.

Positive

• Sales were executed pursuant to a 10b5-1 plan dated August 16, 2024, which is explicitly disclosed in the filing.
• Filing discloses post-transaction ownership of 823,566 Class A shares, showing continuing material insider ownership.

Negative

• Reported sales total 193,905 Class A shares across 08/08/2025 and 08/11/2025, which materially reduced beneficial ownership.
• Sales executed at weighted-average prices near $18.62 ($18.6668 and $18.619) with price ranges disclosed, indicating substantial dispositions.

Insights

Financial Analyst

TL;DR: CEO sold 193,905 Class A shares under a 10b5-1 plan at weighted-average prices near $18.62, leaving 823,566 shares outstanding beneficially.

The transactions are clearly disclosed and executed pursuant to a 10b5-1 plan dated August 16, 2024, which limits the ability to interpret the sales as discretionary insider trading. The filing provides weighted-average sale prices ($18.6668 and $18.619) and ranges, which allows investors to see execution context. For market-impact assessment, the filing gives concrete share counts and post-transaction beneficial ownership, but it does not provide pre-transaction holdings or the economic motivation behind the plan.

Corporate Governance Expert

TL;DR: Insider sales were conducted under a documented 10b5-1 plan, properly reported and signed via attorney-in-fact.

The report meets disclosure requirements by listing the reporting person, dual role as director and CEO, specific transaction dates, share counts, weighted-average prices, and the 10b5-1 plan reference. Execution under a trading plan reduces concerns about opportunistic timing, but the filing does not disclose plan termination terms or any rule-based triggers. The timely filing and attorney-in-fact signature demonstrate procedural compliance with Section 16 reporting obligations.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHWARTZ RICHARD TODD

(Last) (First) (Middle)

C/O RUSH STREET INTERACTIVE, INC.

900 N. MICHIGAN AVENUE, SUITE 950

(Street)

CHICAGO IL 60611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/08/2025		S(1)		93,905	D	$18.6668(2)	923,566	D
Class A Common Stock	08/11/2025		S(1)		100,000	D	$18.619(3)	823,566	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were sold pursuant to a 10b5-1 Plan dated August 16, 2024.

2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.445 to $19.47 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.

3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.49 to $18.92 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.

Remarks:

	/s/ Kyle Sauers as Attorney-in-fact	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Rush Street Interactive (RSI) insider Richard Todd Schwartz sell?

He sold 93,905 Class A shares on 08/08/2025 and 100,000 Class A shares on 08/11/2025.

At what prices were the RSI insider sales executed?

The weighted-average sale prices were $18.6668 (08/08/2025) and $18.619 (08/11/2025); ranges were $18.445–$19.47 and $18.49–$18.92 respectively.

Were the RSI sales part of a trading plan?

Yes, the filing states the shares were sold pursuant to a 10b5-1 plan dated August 16, 2024.

How many RSI shares does the reporting person hold after these transactions?

The filing reports 823,566 Class A shares beneficially owned following the reported transactions.

Who signed the Form 4 for the RSI insider transaction?

The Form 4 is signed by Kyle Sauers as attorney-in-fact on 08/11/2025 on behalf of the reporting person.