Rush Street CEO sells 247,113 shares in plan trade
Rush Street Interactive Chief Executive Officer Richard Todd Schwartz sold 247,113 shares of Class A common stock in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Rush Street Interactive Chief Executive Officer Richard Todd Schwartz sold 247,113 shares of Class A common stock in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan. The weighted average sale price was $19.8339 per share, with individual trades executed between $19.22 and $20.03 per share.
After this planned sale, Schwartz directly holds 454,821 shares of Rush Street Interactive Class A common stock. The footnotes state he will provide full details of the number of shares sold at each separate price within the disclosed range upon request.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 247,113 | $19.8339 | $4.90M |
Footnotes (2)
- F1. Shares were sold pursuant to a 10b5-1 Plan.
- F2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.22 to $20.03 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.
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What did RSI CEO Richard Todd Schwartz report in this Form 4 filing?
Was the RSI CEO’s sale part of a pre-arranged 10b5-1 trading plan?
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