Rush Street Interactive (NYSE: RSI) CEO logs planned stock sales and unit conversions

Rhea-AI Filing Summary

Rush Street Interactive, Inc. director and CEO Richard Todd Schwartz reported coordinated sales and conversions involving Class A Common Stock, Class V Voting Stock and partnership units. On July 1, 2026, he and affiliated trusts sold a total of 158,334 shares of Class A Common Stock in open-market transactions at a weighted average price of $31.2148 per share, executed under a Rule 10b5-1 trading plan.

The filing also shows multiple conversions of Class A Common Units of Rush Street Interactive, L.P. into an equivalent number of Class A Common Stock, with corresponding cancellations of the same number of Class V Voting Stock, which carry voting but no economic rights. After these transactions, Schwartz directly holds 374,036 shares of Class A Common Stock and 5,184,441 shares of Class V Voting Stock, while affiliated trusts continue to hold Class A Common Units and Class V Voting Stock but no Class A Common Stock.

Insights

Equity compensation and insider-trading analyst

CEO’s filing shows net open-market sales alongside routine unit-to-share conversions under a 10b5-1 plan.

Richard Todd Schwartz and affiliated trusts sold 158,334 shares of Rush Street Interactive Class A Common Stock at a weighted average of $31.2148 per share. These were open-market sales executed under a disclosed Rule 10b5-1 trading plan, indicating the timing was pre-arranged rather than discretionary.

At the same time, RSI LP units were converted into Class A Common Stock, with an equivalent number of Class V Voting Stock canceled, consistent with the company’s partnership agreement structure. Schwartz continues to hold 374,036 Class A shares directly plus substantial Class V Voting Stock and partnership units, so the sales represent a partial reduction rather than an exit. Overall, this appears as a routine liquidity and capital-structure management event, rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 158,334 shares ($4,942,364)

Net Sell 12 txns

Insider SCHWARTZ RICHARD TODD

Role Chief Executive Officer

Sold 158,334 shs ($4.94M)

Type	Security	Shares	Price	Value
Conversion	Class A Common Units of Rush Street Interactive, L.P.	47,222	$0.00	--
Conversion	Class A Common Units of Rush Street Interactive, L.P.	55,556	$0.00	--
Conversion	Class A Common Units of Rush Street Interactive, L.P.	55,556	$0.00	--
Conversion	Class A Common Stock	47,222	$0.00	--
Disposition	Class V Voting Stock	47,222	$0.00	--
Conversion	Class A Common Stock	55,556	$0.00	--
Disposition	Class V Voting Stock	55,556	$0.00	--
Conversion	Class A Common Stock	55,556	$0.00	--
Disposition	Class V Voting Stock	55,556	$0.00	--
Sale	Class A Common Stock	47,222	$31.2148	$1.47M
Sale	Class A Common Stock	55,556	$31.2148	$1.73M
Sale	Class A Common Stock	55,556	$31.2148	$1.73M

Holdings After Transaction: Class A Common Units of Rush Street Interactive, L.P. — 5,184,441 shares (Direct, null); Class A Common Units of Rush Street Interactive, L.P. — 537,540 shares (Indirect, By Irrevocable Trust); Class A Common Stock — 421,258 shares (Direct, null); Class V Voting Stock — 5,184,441 shares (Direct, null); Class A Common Stock — 55,556 shares (Indirect, By Irrevocable Trust); Class V Voting Stock — 537,540 shares (Indirect, By Irrevocable Trust)

Footnotes (1)

1. On July 1, 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. 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 $29.95 to $31.66 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. 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: 158,334 shares Weighted average sale price: $31.2148 per share Sale price range: $29.95–$31.66 per share +4 more

7 metrics

Shares sold 158,334 shares Class A Common Stock sold in open market on July 1, 2026

Weighted average sale price $31.2148 per share Open-market sales of Class A Common Stock

Sale price range $29.95–$31.66 per share Price range for multiple sale transactions

Direct Class A holdings after 374,036 shares Class A Common Stock held directly after transactions

Direct Class V holdings after 5,184,441 shares Class V Voting Stock held directly after transactions

Units converted (direct) 47,222 units Class A Common Units converted to Class A Stock (direct holding)

Units converted (each trust) 55,556 units Class A Common Units converted to Class A Stock by each affiliated trust

Key Terms

Rule 10b5-1, Class V Voting Stock, weighted average sale price, Amended and Restated Limited Partnership Agreement, +1 more

5 terms

Rule 10b5-1 regulatory

"Shares were sold pursuant to a 10b5-1 plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Class V Voting Stock financial

"The shares of Class V Voting Stock of the Issuer provide no economic rights"

weighted average sale price financial

"The reported price in Column 4 is a weighted average sale price."

Amended and Restated Limited Partnership Agreement regulatory

"Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP"

Class A Common Units financial

"the number of Class A Common Stock Units ("RSI Units") set forth in this box"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:01 PM Accepted by SEC EDGAR 07/02/2026 - 06:01 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 ILLINOIS 60611

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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	07/01/2026		C		47,222	A	$0(1)	421,258	D
Class V Voting Stock	07/01/2026		D		47,222	D	$0(1)	5,184,441(1)(2)	D
Class A Common Stock	07/01/2026		C		55,556	A	$0(1)	55,556	I	By Irrevocable Trust
Class V Voting Stock	07/01/2026		D		55,556	D	$0(1)	537,540(1)(2)	I	By Irrevocable Trust
Class A Common Stock	07/01/2026		C		55,556	A	$0(1)	55,556	I	By Trust
Class V Voting Stock	07/01/2026		D		55,556	D	$0(1)	537,540(1)(2)	I	By Trust
Class A Common Stock	07/01/2026		S(3)		47,222	D	$31.2148(4)	374,036	D
Class A Common Stock	07/01/2026		S(3)		55,556	D	$31.2148(4)	0	I	By Irrevocable Trust
Class A Common Stock	07/01/2026		S(3)		55,556	D	$31.2148	0	I	By 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)	07/01/2026		C			47,222	(5)	(5)	Class A Common Stock	47,222	$0	5,184,441	D
Class A Common Units of Rush Street Interactive, L.P.	(5)	07/01/2026		C			55,556	(5)	(5)	Class A Common Stock	55,556	$0	537,540	I	By Irrevocable Trust
Class A Common Units of Rush Street Interactive, L.P.	(5)	07/01/2026		C			55,556	(5)	(5)	Class A Common Stock	55,556	$0	537,540	I	By Trust

Explanation of Responses:

1. On July 1, 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 $29.95 to $31.66 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	07/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did RSI CEO Richard Todd Schwartz report on July 1, 2026?

Richard Todd Schwartz and affiliated trusts sold 158,334 shares of Rush Street Interactive Class A Common Stock in open-market transactions at a weighted average price of $31.2148 per share, while also converting partnership units into Class A shares with related Class V Voting Stock canceled.

Were Richard Todd Schwartz’s RSI stock sales under a Rule 10b5-1 plan?

Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged programs for selling stock, which generally makes the timing of individual trades more routine and less about short-term views on the company’s share price.

How many Rush Street Interactive Class A shares does Richard Todd Schwartz hold after these transactions?

After the reported July 1, 2026 activity, Richard Todd Schwartz directly holds 374,036 shares of Rush Street Interactive Class A Common Stock. Affiliated trusts no longer hold Class A shares but continue to own Class A Common Units and related Class V Voting Stock in the company’s structure.

What is the significance of Class V Voting Stock in Rush Street Interactive’s structure?

Class V Voting Stock provides voting rights but no economic rights in Rush Street Interactive. Each Class V share gives votes equal to one common share. When RSI LP units are exchanged into Class A Common Stock, an equivalent number of Class V shares held by the same holder are canceled.

What price range did RSI CEO Richard Todd Schwartz’s stock sales occur at?

The filing reports a weighted average sale price of $31.2148 per share. A footnote explains the shares were sold in multiple transactions, with individual trade prices ranging from $29.95 to $31.66 per share on the trade date.

Did Richard Todd Schwartz convert any RSI LP units into Class A Common Stock?

Yes. The filing shows conversions of Class A Common Units of Rush Street Interactive, L.P. into equal numbers of Class A Common Stock. Under the partnership agreement, each exchanged unit becomes one Class A share, and the corresponding Class V Voting Stock is canceled at the same time.