Rush Street Interactive (RSI) legal chief sells 45,000 shares in 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. director and Chief Legal Officer Paul Wierbicki sold 45,000 shares of Class A Common Stock in an open-market transaction. The shares were sold at a weighted average price of $27.5536 per share, in multiple trades between $26.5 and $28.25 per share.
The sales were executed pursuant to a Rule 10b5-1 trading plan, indicating they were pre-arranged under a preset schedule. After these transactions, Wierbicki continues to hold 93,256 shares of Rush Street Interactive common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 45,000 shares ($1,239,912)
Net Sell
1 txn
Insider
WIERBICKI PAUL
Role
Chief Legal Officer
Sold
45,000 shs ($1.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 45,000 | $27.5536 | $1.24M |
Holdings After Transaction:
Class A Common Stock — 93,256 shares (Direct, null)
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 $26.5 to $28.25 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.
Key Figures
Shares sold: 45,000 shares
Weighted average sale price: $27.5536 per share
Sale price range: $26.5–$28.25 per share
+2 more
5 metrics
Shares sold
45,000 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$27.5536 per share
Average price across multiple transactions
Sale price range
$26.5–$28.25 per share
Range of prices for individual trades
Shares held after transaction
93,256 shares
Direct holdings after reported sale
Net buy/sell direction
Net sale of 45,000 shares
Summary of reported non-derivative activity
Key Terms
Rule 10b5-1 plan, weighted average sale price, Class A Common Stock, open-market sale
4 terms
Rule 10b5-1 plan regulatory
"Shares were sold pursuant to a 10b5-1 plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did RSI Chief Legal Officer Paul Wierbicki report?
Paul Wierbicki reported selling 45,000 shares of Rush Street Interactive Class A Common Stock. The sales were open-market transactions under a Rule 10b5-1 trading plan, using a preset schedule rather than discretionary timing decisions for these trades.
Was the RSI insider sale by Paul Wierbicki made under a Rule 10b5-1 plan?
Yes. The footnotes state the shares were sold pursuant to a Rule 10b5-1 plan. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions based on short-term company or market developments.
What does the weighted average sale price mean in the RSI Form 4 filing?
The weighted average sale price of $27.5536 reflects multiple trades combined into one figure. Actual trades occurred between $26.5 and $28.25 per share, and detailed price-by-trade information is available from the reporting person upon request.