[Form 4] Rush Street Interactive, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Microchip Technology Inc. (MCHP) – Form 4 filing (07/03/2025)

Senior Vice-President of Operations Mathew B. Bunker reported routine equity awards dated July 1, 2025. No shares were sold; all transactions were grants that increase the executive’s potential ownership:

• Performance Stock Units (PSUs): 2,093 target shares vesting 08/15/2029 and 62 target shares vesting 08/15/2028. Payout is contingent on Microchip achieving a 29 % cumulative non-GAAP operating margin over 12 quarters ending 06/30/2028; actual shares can be higher or lower than target.
• Restricted Stock Units (RSUs): 2,092 shares vesting 08/15/2029 and 62 shares vesting 08/15/2028.
• Post-transaction, Bunker directly owns 27,732 common shares; the newly granted 4,309 derivative units (PSUs + RSUs) are in addition to that holding.

The filing reflects standard incentive compensation under the company’s 2004 Equity Incentive Plan. Because there is no open-market purchase or sale and the share count involved is immaterial relative to Microchip’s ~550 million shares outstanding, the event is neutral for shareholders and largely administrative.

Insights

Corporate Governance Expert

TL;DR: Routine PSU/RSU grants to SVP; aligns incentives but immaterial to valuation—overall neutral impact.

The Form 4 discloses standard annual equity awards to a senior executive. The mix of PSUs and RSUs links compensation to multi-year non-GAAP operating-margin targets, reinforcing performance alignment. However, ~4.3 k shares represent less than 0.001 % of shares outstanding, producing negligible dilution and no cash flow effect. No insider sales occurred, so there is no bearish signal. Investors typically view such disclosures as housekeeping rather than catalysts. Accordingly, I classify the filing as not impactful to the investment thesis.

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^*

ROOSILEHT EINAR

(Last) (First) (Middle)

C/O RUSH STREET INTERACTIVE, INC.

900 N. MICHIGAN AVENUE, SUITE 950

(Street)

CHICAGO IL 60611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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

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

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	07/01/2025		C		70,000	A	$0(1)	946,150	D
Class V Voting Stock	07/01/2025		D		70,000	D	$0(1)	2,324,157(1)(2)	D
Class A Common Stock	07/01/2025		S(3)		70,000	D	$14.768(4)	876,150	D

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)	07/01/2025		C			70,000	(5)	(5)	Class A Common Stock	70,000	$0	2,324,157	D

Explanation of Responses:

1. On July 1, 2025, the reporting person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 70,000 Class A Common Stock Units ("RSI Units") for 70,000 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.

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 dated September 27, 2024.

4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.453 to $14.947 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	07/03/2025
	** 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.

FAQ

What type of insider transaction was reported for MCHP on July 1, 2025?

The filing shows equity grants (PSUs and RSUs); there were no open-market purchases or sales.

How many shares could the executive receive from the new Performance Stock Units (PSUs)?

A target total of 2,155 PSUs (2,093 + 62) subject to Microchip achieving a 29 % cumulative non-GAAP operating margin.

When do the granted RSUs and PSUs vest for MCHP’s SVP of Operations?

August 15 2028 for 62 PSUs and 62 RSUs; August 15 2029 for 2,093 PSUs and 2,092 RSUs, assuming continued service.

What is Mathew B. Bunker’s direct share ownership after the filing?

He directly owns 27,732 common shares, excluding the newly granted derivative units.

Does this Form 4 filing have a material impact on Microchip Technology Inc.’s valuation?

No. The share amount is immaterial relative to Microchip’s total shares outstanding, so the filing is considered neutral for investors.