COO at Rush Street Interactive (RSI) sells 171,350 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Operating Officer Mattias Stetz and affiliated entities reported net open-market sales of 171,350 shares of Class A Common Stock at $24.96 per share on May 5 and May 6, 2026.
The transactions were paired with conversions of an equal number of Class A Common Units of Rush Street Interactive, L.P. into Class A Common Stock, with corresponding Class V Voting Stock canceled as described in the partnership agreement. Following these moves, Stetz holds 237,874 Class A shares directly, 11,175 Class A shares indirectly through a trust, and 105,448 Class A shares indirectly through a spouse, along with remaining Class A Common Units at the partnership level.
Positive
- None.
Negative
- None.
Insights
COO and related entities converted units and sold 171,350 RSI shares.
Chief Operating Officer Mattias Stetz and affiliated trusts exchanged Class A Common Units of Rush Street Interactive, L.P. for an equal number of Class A Common Stock shares, while equivalent Class V Voting Stock was canceled under the amended partnership agreement.
They then executed open-market sales totaling 171,350 Class A shares at $24.96 on May 5 and May 6, 2026. After these transactions, Stetz still reports substantial direct and indirect holdings, including Class A shares and Class A Common Units, with beneficial ownership disclaimed except to the extent of pecuniary interest.
Insider Trade Summary
Net Seller: 171,350 shares ($4,276,896)
Net Sell
17 txns
Insider
STETZ MATTIAS
Role
Chief Operating Officer
Sold
171,350 shs ($4.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 11,175 | $0.00 | -- |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 11,175 | $0.00 | -- |
| Conversion | Class A Common Stock | 11,175 | $0.00 | -- |
| Disposition | Class V Voting Stock | 11,175 | $0.00 | -- |
| Conversion | Class A Common Stock | 11,175 | $0.00 | -- |
| Disposition | Class V Voting Stock | 11,175 | $0.00 | -- |
| Sale | Class A Common Stock | 11,175 | $24.96 | $279K |
| Sale | Class A Common Stock | 11,175 | $24.96 | $279K |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 74,500 | $0.00 | -- |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 74,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 74,500 | $0.00 | -- |
| Disposition | Class V Voting Stock | 74,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 74,500 | $0.00 | -- |
| Disposition | Class V Voting Stock | 74,500 | $0.00 | -- |
| Sale | Class A Common Stock | 74,500 | $24.96 | $1.86M |
| Sale | Class A Common Stock | 74,500 | $24.96 | $1.86M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 764,325 shares (Indirect, By Trust);
Class A Common Units of Rush Street Interactive, L.P. — 376,403 shares (Direct, null);
Class A Common Stock — 11,175 shares (Indirect, By Trust);
Class V Voting Stock — 764,325 shares (Indirect, By Trust);
Class A Common Stock — 249,049 shares (Direct, null);
Class V Voting Stock — 376,403 shares (Direct, null)
Footnotes (1)
- On May 5, 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 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. On May 6, 2026, the Reporting Person and/or affiliated trusts exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, the number of 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. 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: 171,350 shares
Sale price: $24.96 per share
Direct Class A holdings: 237,874 shares
+4 more
7 metrics
Shares sold
171,350 shares
Net open-market sales on May 5–6, 2026
Sale price
$24.96 per share
Price for Class A Common Stock sales
Direct Class A holdings
237,874 shares
Direct Class A Common Stock after transactions
Trust Class A holdings
11,175 shares
Indirect Class A Common Stock held by trust after transactions
Spouse Class A holdings
105,448 shares
Indirect Class A Common Stock held by spouse as of May 5, 2026
Direct RSI Units
387,578 units
Class A Common Units of RSI L.P. held directly after May 5 conversions
Indirect RSI Units
775,500 units
Class A Common Units of RSI L.P. held indirectly by trust after May 5 conversions
Key Terms
Class V Voting Stock, RSI Units, pecuniary interest, Section 16, +1 more
5 terms
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof."
RSI Units financial
"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"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Amended and Restated Limited Partnership Agreement legal
"exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
FAQ
What insider transactions did RSI COO Mattias Stetz report in this Form 4?
Stetz and affiliated entities reported net open-market sales of 171,350 Rush Street Interactive Class A shares at $24.96, combined with exchanges of an equal number of partnership units into Class A stock and cancellation of corresponding Class V Voting Stock under the partnership agreement.
What happened to the Class V Voting Stock in the RSI insider transactions?
Class V Voting Stock equal to the exchanged partnership units was canceled in connection with the conversions. The filing explains that Class V shares carry no economic rights but provide voting power equal to the number of Class V shares held at the time of a shareholder vote, before cancellation events.
What are RSI Units and how were they treated in this Form 4?
RSI Units are Class A Common Units of Rush Street Interactive, L.P. that may be exchanged, subject to conditions, for Class A Common Stock. In these transactions, specified RSI Units were exchanged one-for-one into Class A shares, while an equivalent number of Class V Voting Stock shares held by the reporting person or trusts was canceled.
Does the RSI COO claim full beneficial ownership of all reported securities?
The filing states that the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. It clarifies that the report should not be deemed an admission of beneficial ownership for Section 16 or any other legal purpose.