Rush Street Interactive (RSI) CFO sells 23,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Financial Officer Kyle Sauers reported an open-market sale of 23,000 shares of Class A Common Stock at $28.39 per share. The sale was made pursuant to a 10b5-1 Plan and left him holding 654,258 shares directly. A separate entry shows 4,700 shares held indirectly through a child.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,000 shares ($652,970)
Net Sell
2 txns
Insider
Sauers Kyle
Role
Chief Financial Officer
Sold
23,000 shs ($653K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,000 | $28.39 | $653K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 654,258 shares (Direct, null);
Class A Common Stock — 4,700 shares (Indirect, By Child)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 23,000 shares
Sale price: $28.39 per share
Direct holdings after transaction: 654,258 shares
+2 more
5 metrics
Shares sold
23,000 shares
Open-market sale of Class A Common Stock
Sale price
$28.39 per share
Price for the 23,000-share sale
Direct holdings after transaction
654,258 shares
Direct Class A Common Stock held after sale
Indirect holdings
4,700 shares
Class A Common Stock held indirectly by child
Net buy/sell direction
Net sell of 23,000 shares
From transaction summary for this Form 4
Key Terms
10b5-1 Plan, open-market sale, Class A Common Stock
3 terms
10b5-1 Plan financial
"Shares were sold pursuant to a 10b5-1 Plan."
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
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.
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.
FAQ
What insider transaction did RSI CFO Kyle Sauers report on this Form 4?
Kyle Sauers reported selling 23,000 shares of Rush Street Interactive Class A Common Stock. The transaction was an open-market sale at a reported price of $28.39 per share, documented as a non-derivative transaction in the Form 4 filing.
Was the RSI CFO’s stock sale made under a 10b5-1 trading plan?
Yes, the filing notes the shares were sold pursuant to a 10b5-1 Plan. Such plans allow insiders to prearrange share sales, helping separate personal trading decisions from day-to-day knowledge of nonpublic company information.
Does the RSI Form 4 show any derivative securities or option exercises for the CFO?
No, the Form 4 data shows no derivative transactions for this reporting period. The derivative summary is empty, and all reported activity involves non-derivative Class A Common Stock, focusing on a single open-market sale and one indirect holding entry.