Rush Street Interactive (RSI) CEO sells 247,114 shares in 10b5-1 stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Executive Officer and director Richard Todd Schwartz reported selling 247,114 shares of Class A common stock on February 4, 2026. The shares were sold at a weighted average price of $17.6134 per share under a pre-arranged Rule 10b5-1 trading plan.
After this transaction, Schwartz directly beneficially owned 949,048 shares of Class A common stock. A 10b5-1 plan allows insiders to schedule trades in advance, providing a structured way to sell shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 247,114 shares ($4,352,518)
Net Sell
1 txn
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
247,114 shs ($4.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 247,114 | $17.6134 | $4.35M |
Holdings After Transaction:
Class A Common Stock — 949,048 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 $16.99 to $18.36 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 insider transaction did RSI CEO Richard Todd Schwartz report?
Richard Todd Schwartz reported selling 247,114 shares of Rush Street Interactive Class A common stock. The sale occurred on February 4, 2026 at a weighted average price of $17.6134 per share and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Rush Street Interactive CEO’s stock sale part of a 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan. Such plans allow insiders to pre-schedule trades when they are not aware of material nonpublic information, helping separate routine liquidity events from information-based trading concerns.
What type of security did Richard Todd Schwartz sell in this Form 4?
The transaction involved Rush Street Interactive’s Class A common stock. According to the Form 4, 247,114 Class A shares were sold on February 4, 2026, and Schwartz’s resulting direct beneficial ownership stood at 949,048 Class A common shares after the sale.
What does the price range in the RSI CEO’s Form 4 footnote mean?
The filing notes that shares were sold in multiple trades between $16.99 and $18.36 per share, with $17.6134 reported as a weighted average. The CEO undertakes to provide full trade-by-trade details, including share counts at each price, to the issuer, shareholders, or SEC staff upon request.