Rush Street Interactive (RSI) CEO sells 247,113 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 247,113 shares ($4,901,215)
Net Sell
1 txn
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
247,113 shs ($4.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 247,113 | $19.8339 | $4.90M |
Holdings After Transaction:
Class A Common Stock — 454,821 shares (Direct)
Footnotes (1)
- Shares were sold pursuant to a 10b5-1 Plan. 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.
FAQ
What did RSI CEO Richard Todd Schwartz report in this Form 4 filing?
RSI CEO Richard Todd Schwartz reported selling 247,113 shares of Class A common stock in an open-market transaction under a Rule 10b5-1 trading plan. This type of plan pre-schedules sales to help separate them from day-to-day trading decisions.
Was the RSI CEO’s sale part of a pre-arranged 10b5-1 trading plan?
Yes. The filing states the 247,113 RSI shares were sold under a Rule 10b5-1 trading plan. Such plans are established in advance and are designed to execute trades on a predetermined schedule or formula.