Rush Street Interactive (RSI) CEO reports unit exchange, stock sales and ownership correction

Rhea-AI Filing Summary

Rush Street Interactive, Inc. (RSI) CEO and director reports unit exchange and stock sales. On December 8, 2025, the reporting person exchanged 172,781 Class A common units of Rush Street Interactive, L.P. for 172,781 shares of RSI Class A common stock, with an equivalent number of Class V voting shares being canceled. The filing also notes a correction of a prior administrative error that had understated the reporting person's Class A common stock beneficial ownership by 95,703 shares.

The reporting person sold 134,148 Class A shares on December 8, 2025 at a weighted average price of $18.3715 per share and 59,757 Class A shares on December 9, 2025 at a weighted average price of $18.8207 per share, in each case pursuant to a Rule 10b5-1 trading plan. Following the reported transactions, the reporting person directly holds 454,821 Class A shares and 5,373,331 Class V voting shares, and has additional indirect holdings of Class V-related interests through trusts.

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

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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).

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^*

SCHWARTZ RICHARD TODD

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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	12/08/2025		C		172,781	A	$0(1)	648,726(2)	D
Class V Voting Stock	12/08/2025		D		172,781	D	$0(1)	5,373,331(1)(3)	D
Class A Common Stock	12/08/2025		S(4)		134,148	D	$18.3715(5)	514,578	D
Class A Common Stock	12/09/2025		S(4)		59,757	D	$18.8207(6)	454,821	D
Class V Voting Stock								1,168,014	I	By Trust
Class V Voting Stock								1,168,014	I	By Irrevocable Trust

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.	(7)	12/08/2025		C			172,781	(7)	(7)	Class A Common Stock	172,781	$0	5,373,331	D
Class A Common Units of Rush Street Interactive, L.P.	(7)							(7)	(7)	Class A Common Stock	1,168,014		1,168,014	I	By Irrevocable Trust
Class A Common Units of Rush Street Interactive, L.P.	(7)							(7)	(7)	Class A Common Stock	1,168,014		1,168,014	I	By Trust

Explanation of Responses:

1. On December 8, 2025, the Reporting Person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 172,781 Class A Common Stock Units ("RSI Units") for 172,781 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 amount is adjusted to correct an administrative error in a prior Form 4 filed by the Reporting Person, which inadvertently understated the amount of Class A Common Stock beneficially owned by 95,703 shares.

3. 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.

4. Shares were sold pursuant to a 10b5-1 Plan.

5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.24 to $18.58 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.

6. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.20 to $19.56 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.

7. 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	12/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did RSI's CEO report on December 8, 2025?

On December 8, 2025, the reporting person exchanged 172,781 Class A common units of Rush Street Interactive, L.P. for 172,781 shares of RSI Class A common stock, and an equivalent number of Class V voting shares were canceled.

How many Rush Street Interactive (RSI) shares did the insider sell and at what prices?

The reporting person sold 134,148 Class A shares on December 8, 2025 at a weighted average price of $18.3715 per share, and 59,757 Class A shares on December 9, 2025 at a weighted average price of $18.8207 per share.

Were the RSI stock sales made under a Rule 10b5-1 trading plan?

Yes. The filing states that the reported RSI share sales were made pursuant to a 10b5-1 plan, which is a pre-arranged trading plan for insiders.

What correction to prior RSI share ownership does this Form 4 disclose?

The filing explains that the beneficial ownership of RSI Class A common stock was previously understated by 95,703 shares due to an administrative error, and this amount has now been corrected.

How many RSI shares does the insider own after these transactions?

After the reported transactions, the reporting person directly owns 454,821 shares of RSI Class A common stock and 5,373,331 shares of Class V voting stock, and also has 1,168,014 related interests held indirectly through trusts.

What rights do RSI Class V voting shares have compared to Class A common stock?

The filing notes that Class V voting stock carries no economic rights in the issuer, but each Class V share entitles the holder to vote as a common stockholder with a number of votes equal to the number of Class V shares held.