Trust tied to RSI director sells 1,714 shares
Rush Street Interactive director Judith Gold reported indirect insider transactions through a family trust.
Rhea-AI Filing Summary
Rush Street Interactive director Judith Gold reported indirect insider transactions through a family trust. On April 8, 2026, her spouse, via the Daniel S. Kotcher Revocable Trust, exchanged 1,714 Class A Common Units of Rush Street Interactive, L.P. for 1,714 shares of Class A Common Stock, with an equivalent 1,714 shares of Class V Voting Stock canceled. The 1,714 Class A shares were then sold at a weighted average price of $23.0308 per share under a pre-arranged Rule 10b5-1 trading plan. After these moves, indirect holdings reported for the trust totaled 173,369 securities, while Gold also held 119,597 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,714 shares ($39K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
GOLD JUDITH
Role
Director
Sold
1,714 shs ($39K)
Approx. gross sale proceeds
$39K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$39K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 1,714 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 1,714 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 1,714 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 1,714 | $23.0308 | $39K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 173,369 contracts (Indirect, By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012);
Class V Voting Stock — 173,369 shares (Indirect, By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012);
Class A Common Stock — 0 shares (Indirect, By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012);
Class A Common Stock — 119,597 shares (Direct)
Footnotes (6)
- F1. On April 8, 2026, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 1,714 Class A Common Stock Units ("RSI Units") for 1,714 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's spouse being canceled.
- F2. Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein.
- F3. 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.
- F4. Shares were sold pursuant to a 10b5-1 plan.
- F5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23 to $23.08 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.
- F6. 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.
Key Figures
Shares converted: 1,714 units/shares
Shares sold: 1,714 shares
Weighted average sale price: $23.0308 per share
+2 more
5 metrics
Shares converted
1,714 units/shares
RSI LP Class A Common Units exchanged for Class A Common Stock on April 8, 2026
Shares sold
1,714 shares
Class A Common Stock sold in open market transaction
Weighted average sale price
$23.0308 per share
Sales ranged from $23.00 to $23.08 per share
Indirect holdings after transaction
173,369 securities
Total reported for Daniel S. Kotcher Revocable Trust after conversion and cancellation
Direct Class A holdings
119,597 shares
Judith Gold’s direct Class A Common Stock position after reported transactions
Key Terms
Rule 10b5-1 plan, Class V Voting Stock, derivative security, Revocable Trust, +1 more
5 terms
Rule 10b5-1 plan financial
"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.
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights"
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Revocable Trust financial
"Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RSI director Judith Gold report on this Form 4?
RSI director Judith Gold reported indirect transactions through a family trust, including conversion of 1,714 partnership units into 1,714 Class A shares and cancellation of 1,714 Class V Voting Stock, followed by the sale of 1,714 Class A shares at a weighted average price of $23.0308.
Was the RSI insider sale by the Kotcher Trust part of a pre-planned Rule 10b5-1 program?
Yes. A footnote states that the shares of Rush Street Interactive Class A Common Stock sold by the Daniel S. Kotcher Revocable Trust were transacted pursuant to a Rule 10b5-1 trading plan, indicating the sales were pre-arranged rather than discretionary market timing.
What happened to the Class V Voting Stock in the Rush Street Interactive structure?
In connection with exchanging 1,714 Class A Common Units for 1,714 Class A shares, an equivalent 1,714 shares of Rush Street Interactive Class V Voting Stock were canceled. Footnotes explain Class V shares carry voting rights only and provide no economic rights in the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
