Rush Street Interactive chair gifts 380K shares
The trust's shares remain subject to transfer restrictions for the balance of the applicable lock-up period.
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Executive Chairman Neil Bluhm transferred 380,000 Class A common shares as a bona fide gift, for no consideration, to the Bluhm Joint Revocable Trust on September 22, 2026. After the transfer, Bluhm directly held 353,326 shares and the trust held 380,000 shares. Bluhm is deemed to have an indirect beneficial interest in the trust shares but disclaims beneficial ownership except to the extent of any pecuniary interest. The trust shares remain subject to transfer restrictions for the balance of the applicable lock-up period; no Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
760,000 shares gifted
Gift
2 txns
Insider
BLUHM NEIL
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1 | 380,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock F1, F2 | 380,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 353,326 shares (Direct);
Class A Common Stock — 380,000 shares (Indirect, By Bluhm Joint Revocable Trust)
Footnotes (2)
- F1. Represents a bona fide gift by the Reporting Person, for no consideration, to a trust established for the benefit of members of the Reporting Person's immediate family. The Reporting Person is subject to a lock-up agreement that was entered into with the representatives of the underwriters in connection with an underwritten public offering of the Issuer's Class A Common Stock (the "Offering"). The shares were transferred by the Reporting Person to the trust as a bona fide gift not involving a disposition for value, which is a permissible exception under the terms of the lock-up agreement. In connection with the gift, the trustee of the trust has executed and delivered to the representatives of the underwriters a lock-up agreement in substantially the form entered into by the Reporting Person in connection with the Offering, and the shares held by the trust remain subject to the restrictions on transfer set forth therein for the balance of the applicable lock-up period.
- F2. These shares are held by the Bluhm Joint Revocable Trust, a trust for the benefit of members of the Reporting Person's immediate family, of which the Reporting Person and his spouse serve as the trustees. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Key Figures
Gift transfer: 380,000 shares
Direct holdings after transfer: 353,326 shares
Trust holdings after transfer: 380,000 shares
3 metrics
Gift transfer
380,000 shares
Class A common shares transferred on September 22, 2026
Direct holdings after transfer
353,326 shares
Neil Bluhm's reported direct holdings following the September 22, 2026 transfer
Trust holdings after transfer
380,000 shares
Bluhm Joint Revocable Trust holdings following the September 22, 2026 transfer
Key Terms
bona fide gift, lock-up agreement, indirect beneficial interest, pecuniary interest
4 terms
bona fide gift regulatory
"a bona fide gift, for no consideration"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
lock-up agreement regulatory
"entered into with the representatives of the underwriters"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
indirect beneficial interest regulatory
"deemed to have an indirect beneficial interest"
pecuniary interest financial
"except to the extent of any pecuniary interest"
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