STOCK TITAN

Rush Street Interactive (RSI) director has shares withheld to cover RSU tax bill

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Rush Street Interactive director reports tax-related share withholding

Director Jack A. Markell reported that 3,406 shares of Rush Street Interactive Class A common stock were withheld by the company at a price of $25.42 per share. The footnote explains these shares were withheld to cover income tax obligations tied to the vesting and net settlement of previously disclosed restricted stock units and do not represent an open-market sale.

After this tax-withholding disposition, Markell directly holds 17,383 shares of Class A common stock. The transaction is compensation- and tax-driven rather than a discretionary trade in the stock.

Positive

  • None.

Negative

  • None.
Insider Markell Jack A.
Role null
Type Security Shares Price Value
Tax Withholding Class A Common Stock 3,406 $25.42 $87K
Holdings After Transaction: Class A Common Stock — 17,383 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 3,406 shares Tax-withholding disposition on Class A common stock
Withholding price per share $25.42 per share Value used for 3,406 withheld shares
Shares held after transaction 17,383 shares Director’s direct Class A holdings post-withholding
restricted stock units financial
"in connection with the vesting and net settlement of the Reporting Person's previously disclosed restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
income tax withholding financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
net settlement financial
"in connection with the vesting and net settlement of the Reporting Person's previously disclosed restricted stock units"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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).
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*
Markell Jack A.

(Last)(First)(Middle)
C/O RUSH STREET INTERACTIVE, INC.
900 N. MICHIGAN AVENUE, SUITE 950

(Street)
CHICAGO ILLINOIS 60611

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/03/2026F3,406(1)D$25.4217,383D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's previously disclosed restricted stock units and does not represent a sale by the Reporting Person.
Remarks:
/s/ Kyle Sauers as Attorney-in-fact06/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Rush Street Interactive (RSI) disclose for Jack A. Markell?

Rush Street Interactive disclosed that director Jack A. Markell had 3,406 Class A shares withheld to satisfy income tax obligations on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale of shares by the director.

Was Jack A. Markell’s Form 4 transaction in RSI stock an open-market sale?

No, the Form 4 states the 3,406 shares were withheld by the issuer to cover income tax and remittance obligations on vested restricted stock units. The footnote clarifies this withholding does not represent a sale by Jack A. Markell in the market.

How many Rush Street Interactive shares were withheld for Jack A. Markell’s taxes?

The filing shows 3,406 shares of Rush Street Interactive Class A common stock were withheld. They were applied to income tax withholding and remittance obligations related to the vesting and net settlement of previously disclosed restricted stock units awarded to the director.

What price per share was used for Jack A. Markell’s RSI tax withholding transaction?

The Form 4 lists a transaction price of $25.42 per share for the 3,406 shares withheld. This value is used to determine the amount applied toward income tax obligations arising from the vesting of restricted stock units held by the director.

How many Rush Street Interactive shares does Jack A. Markell hold after the reported transaction?

After the tax-withholding disposition, Jack A. Markell directly holds 17,383 shares of Rush Street Interactive Class A common stock. This post-transaction balance reflects his remaining direct ownership following the withholding of shares to cover income tax obligations.

What does the tax-withholding disposition code F mean in the RSI Form 4?

Code F indicates shares were disposed of to pay the exercise price or tax liability, typically via issuer withholding. In this case, Rush Street Interactive withheld 3,406 shares from Jack A. Markell to satisfy income tax obligations on vested restricted stock units, not a market sale.