Rush Street Interactive (RSI) COO sells 20,000 shares in pre-set 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Operating Officer Mattias Stetz reported an open‑market sale of 20,000 shares of Class A Common Stock at a weighted average price of $25.634 per share. The sale was executed under a pre‑arranged Rule 10b5‑1 trading plan, which schedules transactions in advance.
After this sale, Stetz directly holds 217,874 shares of Class A Common Stock and also has 105,448 shares reported as indirectly owned through his spouse. The filing shows no option exercises or derivative transactions, indicating this was a straightforward share sale rather than part of an exercise‑and‑sell pattern.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($512,680)
Net Sell
2 txns
Insider
STETZ MATTIAS
Role
Chief Operating Officer
Sold
20,000 shs ($513K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $25.634 | $513K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 217,874 shares (Direct, null);
Class A Common Stock — 105,448 shares (Indirect, By Spouse)
Footnotes (1)
- Shares were sold pursuant to a 10b5-1 plan. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.37 to $25.96 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.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $25.634/share
Sale price range: $25.37–$25.96/share
+2 more
5 metrics
Shares sold
20,000 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$25.634/share
Reported sale price for 20,000 shares
Sale price range
$25.37–$25.96/share
Range of individual trade prices
Direct holdings after sale
217,874 shares
Class A Common Stock directly owned by COO
Indirect holdings (spouse)
105,448 shares
Class A Common Stock held by spouse
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open-market sale
3 terms
Rule 10b5-1 trading plan financial
"Shares were sold pursuant to a 10b5-1 plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did RSI COO Mattias Stetz report?
Mattias Stetz reported selling 20,000 shares of Rush Street Interactive Class A Common Stock. The shares were sold in an open‑market transaction at a weighted average price of $25.634 per share, as disclosed in the Form 4 insider trading report.
Was the RSI COO’s stock sale made under a Rule 10b5-1 plan?
Yes, the filing notes the shares were sold pursuant to a Rule 10b5‑1 trading plan. Such plans are pre‑arranged programs that schedule trades in advance, helping separate routine portfolio management from discretionary timing decisions by company insiders.
Does the Form 4 for RSI include any option exercises or derivative trades?
The Form 4 shows no option exercises or derivative security transactions for Mattias Stetz. The derivative summary is empty, and the only reported activity is the sale of 20,000 shares of Class A Common Stock plus an updated indirect holding by his spouse.