RSI (NYSE: RSI) COO converts units and sells 20,000 Class A shares under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Operating Officer Mattias Stetz reported a combination of conversions and sales involving the company’s equity on May 1, 2026. He exchanged 20,000 Class A Common Units of Rush Street Interactive, L.P. for 20,000 shares of Class A Common Stock, with an equivalent 20,000 shares of Class V Voting Stock canceled as part of the structure.
On the same date, he sold 20,000 shares of Class A Common Stock in an open‑market transaction at a weighted average price of $28.0939 per share, executed under a Rule 10b5‑1 trading plan. After these moves, he directly holds 257,874 shares of Class A Common Stock and 462,078 shares of Class V Voting Stock, and reports additional indirect interests, including shares held by his spouse and a trust, as well as 850,000 Class A Common Units of the partnership that are exchangeable for Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($561,878)
Net Sell
7 txns
Insider
STETZ MATTIAS
Role
Chief Operating Officer
Sold
20,000 shs ($562K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 20,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 20,000 | $0.00 | -- |
| Disposition | Class V Voting Stock | 20,000 | $0.00 | -- |
| Sale | Class A Common Stock | 20,000 | $28.0939 | $562K |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
| holding | Class V Voting Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 462,078 shares (Direct, null);
Class A Common Stock — 257,874 shares (Direct, null);
Class V Voting Stock — 462,078 shares (Direct, null);
Class A Common Units of Rush Street Interactive, L.P. — 850,000 shares (Indirect, By Trust);
Class V Voting Stock — 850,000 shares (Indirect, By Trust);
Class A Common Stock — 105,448 shares (Indirect, By Spouse)
Footnotes (1)
- On May 1, 2026, the Reporting Person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 20,000 Class A Common Stock Units ("RSI Units") for 20,000 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 being canceled. 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. 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 $27.75 to $28.49 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. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. 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 sold: 20,000 shares
Sale price: $28.0939 per share
Price range: $27.75–$28.49
+5 more
8 metrics
Shares sold
20,000 shares
Class A Common Stock sold on May 1, 2026
Sale price
$28.0939 per share
Weighted average sale price for 20,000 Class A shares
Price range
$27.75–$28.49
Range of prices for multiple sale transactions
Direct Class A after
257,874 shares
Direct Class A Common Stock held following transactions
Direct Class V after
462,078 shares
Direct Class V Voting Stock held following transactions
Spouse Class A
105,448 shares
Indirect Class A Common Stock held by spouse
Trust Class V
850,000 shares
Indirect Class V Voting Stock held by trust
Convertible units
850,000 units
Class A Common Units exchangeable for Class A Common Stock
Key Terms
Rule 10b5-1 plan, Class V Voting Stock, Amended and Restated Limited Partnership Agreement, weighted average sale price, +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"
Amended and Restated Limited Partnership Agreement financial
"exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
FAQ
What insider transactions did RSI COO Mattias Stetz report on May 1, 2026?
He reported converting 20,000 Class A Common Units into 20,000 shares of Class A Common Stock and canceling 20,000 Class V Voting shares, then selling 20,000 Class A shares in the open market at a weighted average price of $28.0939 per share.
What are Mattias Stetz’s direct holdings in RSI after these Form 4 transactions?
Following the reported transactions, he directly holds 257,874 shares of Class A Common Stock and 462,078 shares of Class V Voting Stock. The Class V shares carry voting rights but no economic rights, according to the explanatory footnote in the filing.
What indirect interests in Rush Street Interactive (RSI) equity does the COO report?
He reports indirect ownership of 105,448 shares of Class A Common Stock held by his spouse, and 850,000 shares of Class V Voting Stock plus 850,000 Class A Common Units of Rush Street Interactive, L.P. held by a trust, which are exchangeable for Class A Common Stock.
How do RSI Class V Voting Stock and Class A Common Stock differ for the COO?
A footnote explains Class V Voting Stock provides voting rights but no economic rights. In contrast, Class A Common Stock carries economic rights. When units are exchanged into Class A shares, an equal number of Class V shares are canceled under the partnership agreement.