Rush Street Interactive CEO trades under 10b5-1 plan
Rush Street Interactive, Inc. CEO Richard Todd Schwartz exchanged Class A Common Units of Rush Street Interactive, L.P. and corresponding Class V Voting Stock for an equal number of Class A Common Stock shares.
Rhea-AI Filing Summary
Rush Street Interactive, Inc. CEO Richard Todd Schwartz exchanged Class A Common Units of Rush Street Interactive, L.P. and corresponding Class V Voting Stock for an equal number of Class A Common Stock shares. The Class V Voting Stock carries voting but no economic rights.
He then sold the resulting Class A shares in three sale transactions under a 10b5-1 trading plan, at weighted average sale prices of $28.0219, $28.0257, and $28.0238 per share. Following these exchanges, 5137219.0000 Class V Voting shares were held directly and 481984.0000 were held by each of two affiliated trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
12 txns
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
158,334 shs ($4.44M)
Approx. gross sale proceeds
$4.44M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F7 | 47,222 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F7 | 55,556 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F7 | 55,556 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 47,222 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 47,222 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 55,556 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 55,556 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 55,556 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 55,556 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F4 | 47,222 | $28.0219 | $1.32M |
| Sale | Class A Common Stock F3, F5 | 55,556 | $28.0257 | $1.56M |
| Sale | Class A Common Stock F3, F6 | 55,556 | $28.0238 | $1.56M |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 5,137,219 contracts (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 481,984 contracts (Indirect, By Irrevocable Trust);
Class A Common Units of Rush Street Interactive, L.P. — 481,984 contracts (Indirect, By Trust);
Class V Voting Stock — 5,137,219 shares (Direct);
Class V Voting Stock — 481,984 shares (Indirect, By Irrevocable Trust);
Class V Voting Stock — 481,984 shares (Indirect, By Trust);
Class A Common Stock — 374,036 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By Trust)
Footnotes (7)
- F1. On August 3, 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. Shares were sold pursuant to a 10b5-1 plan.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.38 to $28.90 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.
- F5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.44 to $28.90 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.
- F6. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.47 to $28.89 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.
- F7. 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
Total Class A shares sold: 158334 shares
Direct sale transaction: 47222.0000 shares at $28.0219 per share
Irrevocable trust sale: 55556.0000 shares at $28.0257 per share
+3 more
6 metrics
Total Class A shares sold
158334 shares
Aggregate Class A Common Stock sold across three transactions on 2026-08-03
Direct sale transaction
47222.0000 shares at $28.0219 per share
Class A Common Stock sold directly by the reporting person on 2026-08-03
Irrevocable trust sale
55556.0000 shares at $28.0257 per share
Class A Common Stock sold indirectly through an irrevocable trust on 2026-08-03
Trust sale
55556.0000 shares at $28.0238 per share
Class A Common Stock sold indirectly through a trust on 2026-08-03
Direct Class V Voting Stock held
5137219.0000 shares
Post-transaction direct holdings of Class V Voting Stock by the reporting person
Class V Voting Stock held in each trust
481984.0000 shares
Post-transaction Class V Voting Stock holdings for each affiliated trust
Key Terms
10b5-1 plan, Class V Voting Stock, Amended and Restated Limited Partnership Agreement, weighted average sale price
4 terms
10b5-1 plan regulatory
"Shares were sold pursuant to a 10b5-1 plan."
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights..."
Amended and Restated Limited Partnership Agreement regulatory
"pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RSI CEO Richard Todd Schwartz report on this Form 4?
Richard Todd Schwartz reported exchanging Class A Common Units of Rush Street Interactive, L.P. and corresponding Class V Voting Stock for Class A Common Stock, then selling those shares in three transactions under a 10b5-1 plan at weighted average prices of $28.0219, $28.0257, and $28.0238 per share.
What is the Class V Voting Stock mentioned in the RSI Form 4?
The filing states that Class V Voting Stock provides no economic rights in Rush Street Interactive, Inc. but entitles the holder to vote like a common stockholder, with votes equal to the number of Class V shares held at the time of any stockholder vote.
Were the RSI insider stock sales made under a 10b5-1 trading plan?
Yes. A form-level checkbox and a footnote both state that the reported Class A Common Stock sales were made pursuant to a 10b5-1 plan, indicating they followed a pre-arranged trading program rather than being discretionary same-day trading decisions.
What holdings remain for Richard Todd Schwartz and his trusts after these RSI transactions?
Post-transaction, the Form 4 reports 5137219.0000 shares of Class V Voting Stock held directly by Richard Todd Schwartz and 481984.0000 Class V shares held by each of two affiliated trusts, alongside corresponding holdings of Class A Common Units of Rush Street Interactive, L.P. in the same amounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
