Rush Street Interactive CEO trusts sell 816,500 shares
Rush Street Interactive, Inc. reported that trusts affiliated with Chief Executive Officer Richard Todd Schwartz sold a total of 816,500 shares of Class A Common Stock in open-market transactions at $24.9600 per share on May 5–6, 2026.
Rhea-AI Filing Summary
Rush Street Interactive, Inc. reported that trusts affiliated with Chief Executive Officer Richard Todd Schwartz sold a total of 816,500 shares of Class A Common Stock in open-market transactions at $24.9600 per share on May 5–6, 2026. The sales followed exchanges in which the same number of Class A Common Units of Rush Street Interactive, L.P. were converted into Class A Common Stock and an equivalent number of shares of Class V Voting Stock were canceled pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP. After these transactions, Schwartz continues to have exposure through 5,278,885.0000 Class A Common Units of Rush Street Interactive, L.P., each exchangeable into one share of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 816,500 shares ($20.38M approx. pre-tax spread)
Exercise and Sale
19 txns
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
816,500 shs ($20.38M)
Approx. gross sale proceeds
$20.38M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$20.38M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 53,250 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 53,250 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 53,250 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 53,250 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 53,250 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 53,250 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 53,250 | $24.96 | $1.33M |
| Sale | Class A Common Stock | 53,250 | $24.96 | $1.33M |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 355,000 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 355,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 355,000 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 355,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 355,000 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock | 355,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 355,000 | $24.96 | $8.86M |
| Sale | Class A Common Stock | 355,000 | $24.96 | $8.86M |
| holding | Class A Common Units of Rush Street Interactive, L.P. | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class V Voting Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 648,652 contracts (Indirect, By Trust);
Class A Common Units of Rush Street Interactive, L.P. — 648,652 contracts (Indirect, By Irrevocable Trust);
Class V Voting Stock — 648,652 shares (Indirect, By Trust);
Class V Voting Stock — 648,652 shares (Indirect, By Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By Trust);
Class A Common Stock — 0 shares (Indirect, By Irrevocable Trust);
Class A Common Units of Rush Street Interactive, L.P. — 5,278,885 contracts (Direct);
Class A Common Stock — 374,036 shares (Direct);
Class V Voting Stock — 5,278,885 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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 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.
- F4. 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: 816,500 shares
Sale price per share: $24.9600 per share
Units converted: 816,500 units
+3 more
6 metrics
Shares sold
816,500 shares
Class A Common Stock sold in open-market transactions on May 5–6, 2026 at $24.9600 per share
Sale price per share
$24.9600 per share
Price for Class A Common Stock sales reported for May 5–6, 2026
Units converted
816,500 units
Class A Common Units of Rush Street Interactive, L.P. exchanged into the same number of Class A Common Stock shares
Class V shares canceled
816,500 shares
Equivalent number of Class V Voting Stock shares canceled in connection with exchanges on May 5–6, 2026
Remaining Class A units
5,278,885.0000 units
Class A Common Units of Rush Street Interactive, L.P. remaining as a derivative position, exchangeable into Class A Common Stock
Net share direction
net-sell of 816,500 shares
Transaction summary netBuySellShares and netBuySellDirection for this Form 4
Key Terms
Class V Voting Stock, Class A Common Units of Rush Street Interactive, L.P., Amended and Restated Limited Partnership Agreement, derivative conversion
4 terms
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer"
Class A Common Units of Rush Street Interactive, L.P. financial
"Class A Common Units of Rush Street Interactive, L.P. exchanged for Class A Common Stock"
Amended and Restated Limited Partnership Agreement regulatory
"exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
derivative conversion financial
"transaction_action: derivative conversion for exchanges of RSI Units into Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Rush Street Interactive (RSI) disclose for May 5–6, 2026?
Rush Street Interactive disclosed that affiliated trusts of CEO Richard Todd Schwartz sold 816,500 shares of Class A Common Stock at $24.9600 per share on May 5–6, 2026, following related exchanges of partnership units into common shares and cancellation of equivalent Class V Voting Stock.
Who was involved in the recent Rush Street Interactive (RSI) Form 4 transactions?
The reporting person is Richard Todd Schwartz, Rush Street Interactive’s Chief Executive Officer and director. The transactions involve indirect holdings “By Irrevocable Trust” and “By Trust,” meaning the activity occurred in affiliated trusts rather than through his direct personal holdings of the company’s securities.
What conversions accompanied the Rush Street Interactive (RSI) insider sales?
Before the sales, affiliated trusts exchanged 816,500 Class A Common Units of Rush Street Interactive, L.P. for the same number of Class A Common Stock shares. At the same time, an equivalent 816,500 shares of Class V Voting Stock held by the reporting person and trusts were canceled under the RSI LP partnership agreement.
What is Class V Voting Stock in Rush Street Interactive (RSI) and what rights does it carry?
Rush Street Interactive’s Class V Voting Stock provides no economic rights to holders but does grant voting rights. Each share entitles its holder to vote as a common stockholder with votes equal to the number of Class V shares held at the time of the shareholder vote.
What Rush Street Interactive (RSI) derivative position remains after these Form 4 transactions?
After the reported activity, the filing shows a remaining derivative position of 5,278,885.0000 Class A Common Units of Rush Street Interactive, L.P. held directly. Each unit is exchangeable, subject to conditions in the partnership agreement, into one share of Class A Common Stock of the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
