Rush Street Interactive (RSI) CEO and trusts trade Class A shares

Rhea-AI Filing Summary

Rush Street Interactive, Inc. Chief Executive Officer and director Richard Todd Schwartz reported multiple equity transactions on January 9, 2026. He and affiliated trusts converted 47,223 and 55,556 Class A Common Units of Rush Street Interactive, L.P. into the same number of shares of Class A Common Stock, with equivalent amounts of Class V Voting Stock canceled in connection with these exchanges. Entities associated with Schwartz, including a trust and an irrevocable trust, then sold 47,223, 55,556 and 55,556 shares of Class A Common Stock at a weighted average price of $19.2214 per share under a Rule 10b5-1 trading plan, with individual trade prices ranging from $18.74 to $19.49 per share. Following these transactions, Schwartz directly held 1,196,162 shares of Class A Common Stock, and affiliated trusts no longer held Class A Common Stock after the reported sales, while Class V Voting Stock, which carries voting but no economic rights, remained outstanding in his and the trusts' ownership records.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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^*

SCHWARTZ RICHARD TODD

(Last) (First) (Middle)

C/O RUSH STREET INTERACTIVE, INC.

900 N. MICHIGAN AVENUE, SUITE 950

(Street)

CHICAGO IL 60611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/09/2026		C		47,223	A	$0(1)	1,243,385	D
Class V Voting Stock	01/09/2026		D		47,223	D	$0(1)	5,326,108(1)(2)	D
Class A Common Stock	01/09/2026		C		55,556	A	$0(1)	55,556	I	By Irrevocable Trust
Class V Voting Stock	01/09/2026		D		55,556	D	$0(1)	1,112,458(1)(2)	I	By Irrevocable Trust
Class A Common Stock	01/09/2026		C		55,556	A	$0(1)	55,556	I	By Trust
Class V Voting Stock	01/09/2026		D		55,556	D	$0(1)	1,112,458(1)(2)	I	By Trust
Class A Common Stock	01/09/2026		S(3)		47,223	D	$19.2214(4)	1,196,162	D
Class A Common Stock	01/09/2026		S(3)		55,556	D	$19.2214(4)	0	I	By Trust
Class A Common Stock	01/09/2026		S(3)		55,556	D	$19.2214(4)	0	I	By Irrevocable Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Common Units of Rush Street Interactive, L.P.	(5)	01/09/2026		C			47,223	(5)	(5)	Class A Common Stock	47,223	$0	5,326,108	D
Class A Common Units of Rush Street Interactive, L.P.	(5)	01/09/2026		C			55,556	(5)	(5)	Class A Common Stock	55,556	$0	1,112,458	I	By Irrevocable Trust
Class A Common Units of Rush Street Interactive, L.P.	(5)	01/09/2026		C			55,556	(5)	(5)	Class A Common Stock	55,556	$0	1,112,458	I	By Trust

Explanation of Responses:

1. On January 9, 2026, the Reporting Person and/or affiliated trusts exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), the number of Class A Common Stock Units ("RSI Units") set forth in this box for the same number of shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the Reporting Person and/or affiliated trusts, as applicable, being canceled.

2. The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Voting Stock will be entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Voting Stock held at the time of such vote.

3. Shares were sold pursuant to a 10b5-1 Plan.

4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.74 to $19.49 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.

5. Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, beginning on June 29, 2021, the RSI Units beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled.

Remarks:

	/s/ Kyle Sauers as Attorney-in-fact	01/09/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What insider transactions did RSI CEO Richard Todd Schwartz report on January 9, 2026?

Richard Todd Schwartz reported exchanges of Class A Common Units of Rush Street Interactive, L.P. for shares of Class A Common Stock, alongside sales of 47,223, 55,556 and 55,556 Class A shares at a weighted average price of $19.2214 per share.

How many Rush Street Interactive (RSI) shares does the CEO hold after these transactions?

After the reported transactions, Richard Todd Schwartz directly held 1,196,162 shares of Class A Common Stock of Rush Street Interactive, Inc.

Were the RSI insider share sales by the CEO pre-arranged under a 10b5-1 plan?

Yes. The filing states that the reported share sales were made pursuant to a Rule 10b5-1 trading plan, which is a pre-arranged program for selling stock.

What is the role of Class V Voting Stock at Rush Street Interactive (RSI)?

The filing explains that Class V Voting Stock provides no economic rights to the holder but gives voting rights equal to the number of Class V shares held, allowing holders to vote as common stockholders.

How were RSI LP units converted into Rush Street Interactive Class A Common Stock?

Under the Amended and Restated Limited Partnership Agreement of RSI LP, the reported RSI Units were exchanged on January 9, 2026 for an equal number of Class A Common Stock shares, with an equivalent number of Class V Voting Stock shares canceled.

Did trusts associated with RSI CEO Richard Todd Schwartz participate in the reported transactions?

Yes. The filing shows transactions labeled as held "By Trust" and "By Irrevocable Trust", including exchanges of RSI LP units into Class A Common Stock and subsequent sales of 55,556-share blocks by each trust.