Rush Street Interactive (NYSE: RSI) director reports RSU tax withholding of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. director Thomas Winter reported a routine tax-related share disposition tied to restricted stock unit vesting. On the transaction date, 3,296 shares of Class A Common Stock were withheld at $25.42 per share to cover income tax obligations, and he held 20,497 shares afterward. The company notes this withholding does not represent an open-market sale by Winter.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Winter Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,296 | $25.42 | $84K |
Holdings After Transaction:
Class A Common Stock — 20,497 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,296 shares
Withholding price: $25.42 per share
Shares held after transaction: 20,497 shares
3 metrics
Shares withheld for taxes
3,296 shares
Tax withholding on RSU vesting
Withholding price
$25.42 per share
Value used for tax-withheld shares
Shares held after transaction
20,497 shares
Post-transaction direct holdings
Key Terms
restricted stock units, income tax withholding, net settlement, Class A Common Stock
4 terms
restricted stock units financial
"in connection with the vesting and net settlement of the Reporting Person's previously disclosed restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
income tax withholding financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
net settlement financial
"in connection with the vesting and net settlement of the Reporting Person's previously disclosed restricted stock units"
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 director Thomas Winter report on this Form 4?
Thomas Winter reported a tax-related share disposition. Rush Street Interactive withheld 3,296 Class A shares at $25.42 each to cover income taxes due on vested restricted stock units, rather than Winter selling shares in the open market.
Was the Thomas Winter Form 4 transaction in RSI stock an open-market sale?
No, it was not an open-market sale. The 3,296 shares of Rush Street Interactive Class A Common Stock were withheld by the company to satisfy income tax withholding and remittance obligations when previously granted restricted stock units vested.
What does the footnote in Thomas Winter’s RSI Form 4 explain about the transaction?
The footnote explains the shares were withheld to satisfy income tax withholding and remittance obligations from RSU vesting. It clarifies the 3,296-share disposition is strictly tax-related and “does not represent a sale” of Rush Street Interactive shares by Winter.