Rush Street Interactive (RSI) CEO reports unit exchange, stock sales and ownership correction
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 193,905 shares ($3,589,169)
Net Sell
9 txns
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
193,905 shs ($3.59M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 59,757 | $18.8207 | $1.12M |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 172,781 | $0.00 | -- |
| Conversion | Class A Common Stock | 172,781 | $0.00 | -- |
| Disposition | Class V Voting Stock | 172,781 | $0.00 | -- |
| Sale | Class A Common Stock | 134,148 | $18.3715 | $2.46M |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
| holding | Class V Voting Stock | -- | -- | -- |
| holding | Class V Voting Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 454,821 shares (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 5,373,331 shares (Direct);
Class V Voting Stock — 5,373,331 shares (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 1,168,014 shares (Indirect, By Irrevocable Trust);
Class V Voting Stock — 1,168,014 shares (Indirect, By Trust)
Footnotes (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. 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. 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. 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 $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. 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. 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.
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.
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.