Rush Street Interactive (RSI) COO discloses January 2026 insider stock sales
Rhea-AI Filing Summary
Rush Street Interactive, Inc. insider activity: The company’s Chief Operating Officer, reporting through a trust and related holdings, reported several equity transactions dated 01/02/2026. The trust exchanged 50,000 Class A Common Units of Rush Street Interactive, L.P. for 50,000 shares of Class A Common Stock at $0, with an equivalent 50,000 shares of Class V Voting Stock canceled.
On the same date, the trust sold 50,000 Class A Common Stock shares at $19.0871 per share, and additional sales of 40,000 and 20,000 Class A Common Stock shares at $19.0871 were reported as held by the spouse and directly by the reporting person. After these transactions, the reporting person reported 165,448 Class A shares held by spouse, 144,806 Class A shares held directly, and 482,078 shares of Class V Voting Stock held directly, along with 950,000 Class A Common Units of Rush Street Interactive, L.P. held by the trust. The sales were made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Disposition | Class V Voting Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $19.0871 | $954K |
| Sale | Class A Common Stock | 40,000 | $19.0871 | $763K |
| Sale | Class A Common Stock | 20,000 | $19.0871 | $382K |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
| holding | Class V Voting Stock | -- | -- | -- |
Footnotes (1)
- On January 2, 2026, the Reporting Person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 50,000 Class A Common Stock Units ("RSI Units") for 50,000 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 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. 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. 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.
FAQ
What insider transactions did RSI's COO report on January 2, 2026?
The Chief Operating Officer reported exchanging 50,000 Class A Common Units of Rush Street Interactive, L.P. for 50,000 shares of Class A Common Stock (with 50,000 Class V Voting Stock canceled) and multiple sales of Class A Common Stock on 01/02/2026.
What is the role of the trust and spouse in the RSI insider holdings?
Certain securities are held indirectly "By Trust" and "By Spouse." The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
What RSI securities does the insider report owning after the transactions?
After the reported transactions, the insider reports 165,448 Class A Common Stock shares held by spouse, 144,806 Class A Common Stock shares held directly, 482,078 shares of Class V Voting Stock held directly, and 950,000 Class A Common Units of Rush Street Interactive, L.P. held by the trust.
What is the significance of RSI Class V Voting Stock mentioned in the filing?
The filing states that Class V Voting Stock provides no economic rights but entitles the holder to vote as a common stockholder, with votes equal to the number of shares of Class V Voting Stock held.
How can RSI LP units held by the insider be exchanged according to the filing?
The filing explains that, under the Amended and Restated Limited Partnership Agreement of RSI LP, the RSI Units beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock per unit, with an equivalent number of Class V Voting Stock shares then canceled.