Rush Street Interactive insider disclosure: Sauers donates 8,809 Class A shares

Rhea-AI Filing Summary

Kyle Sauers, Chief Financial Officer of Rush Street Interactive, Inc. (RSI), reported a donation and resulting change in his beneficial ownership. On 09/08/2025 Sauers disposed of 8,809 shares of Class A common stock through a donation to his charitable trust, recorded at a $0 price. After the reported transaction he directly beneficially owned 453,414 Class A shares and indirectly owned 4,700 Class A shares through his child. The Form 4 provides a clear disclosure of the transfer and the ownership positions following the donation.

Positive

• Transparent disclosure of the donation and updated beneficial ownership positions
• Donation to charitable trust clarifies the nature of the disposition as non-market

Negative

• Reduction in direct holdings by 8,809 Class A shares as reported
• No economic proceeds means insider liquidity was not raised but ownership stake decreased

Insights

Financial Analyst

TL;DR Insider reported a non-sale transfer reducing direct holdings through a charitable donation; ownership remains substantial.

The transaction is a reported disposal of 8,809 Class A shares via donation to a charitable trust and carries no cash proceeds, indicating a non-economic transfer rather than a market sale. Post-transaction direct beneficial ownership of 453,414 shares remains material for tracking insider alignment with shareholders. This Form 4 is routine disclosure; there is no indication of trading for liquidity or hedging based solely on the filing.

Corporate Governance Expert

TL;DR Proper Section 16 disclosure of an insider donation; governance process appears followed.

The filing documents the required timely disclosure of a beneficial ownership change by an officer. The notation that the shares were donated to a charitable trust clarifies the nature of the disposition and helps avoid misinterpretation as a market sale. Reporting the indirect ownership held by a child also aligns with beneficial ownership disclosure practices. No amendments or additional explanations are present beyond the charity remark.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Sauers Kyle

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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	09/08/2025		G		8,809(1)	D	$0	453,414	D
Class A Common Stock								4,700	I	By Child

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

Explanation of Responses:

1. Represents a donation to the Reporting Person's charitable trust.

Remarks:

	/s/ Kyle Sauers	09/09/2025
	** 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 did Kyle Sauers report on the Form 4 for RSI?

Kyle Sauers reported disposing of 8,809 Class A shares on 09/08/2025 via donation to his charitable trust and holds 453,414 shares directly and 4,700 indirectly.

Was the disposition a sale that generated cash?

No. The Form 4 records the 8,809-share disposition with a price of $0 and an explanation that it was a donation to a charitable trust.

What is Sauers's total beneficial ownership after the transaction?

Direct beneficial ownership: 453,414 Class A shares; Indirect: 4,700 Class A shares held by his child.

When was the Form 4 signed and filed?

The reporting person signed the Form 4 on 09/09/2025 and the transaction date is 09/08/2025.

Does the Form 4 indicate any derivative transactions or other arrangements?

No. Table II for derivative securities contains no reported transactions in this filing.