Rush Street Interactive CEO, trusts sell 5,490 shares
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Executive Officer Richard Todd Schwartz and affiliated trusts exchanged 1,800 Class A common units directly, 1,790 through an irrevocable trust and 1,900 through a trust for equal numbers of Class A shares on November 9, 2026; equivalent Class V voting shares were canceled. They also sold 5,490 Class A shares under a Rule 10b5-1 plan. Weighted-average prices were $12.5731 for the direct and irrevocable-trust sales and $12.5609 for the trust sale.
After the exchanges, Class A common unit holdings were 5,042,775 directly and 370,874 through each trust. Class V Voting Stock holdings after cancellation were 5,040,975 directly, 369,084 through the irrevocable trust and 368,974 through the trust.
Insider Trade Summary 10b5-1
Net Seller: 5,490 shares
Net Sell
12 txns
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
5,490 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F6 | 0 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F6 | 0 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F6 | 0 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 1,800 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 1,800 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 1,790 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 1,790 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 1,900 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 1,900 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F4 | 1,800 | $12.5731 | $23K |
| Sale | Class A Common Stock F3, F4 | 1,790 | $12.5731 | $23K |
| Sale | Class A Common Stock F3, F5 | 1,900 | $12.5609 | $24K |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 5,042,775 units (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 370,874 units (Indirect, By Irrevocable Trust);
Class A Common Units of Rush Street Interactive, L.P. — 370,874 units (Indirect, By Trust);
Class V Voting Stock — 5,040,975 shares (Direct);
Class V Voting Stock — 369,084 shares (Indirect, By Irrevocable Trust);
Class V Voting Stock — 368,974 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 (6)
- F1. On November 9, 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 $12.50 to $12.63 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 $12.50 to $12.61 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. 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
Class A shares sold directly: 1,800 shares
Class A shares sold by irrevocable trust: 1,790 shares
Class A shares sold by trust: 1,900 shares
+5 more
8 metrics
Class A shares sold directly
1,800 shares
Sale on November 9, 2026
Class A shares sold by irrevocable trust
1,790 shares
Sale on November 9, 2026
Class A shares sold by trust
1,900 shares
Sale on November 9, 2026
Weighted-average sale price
$12.5731 per share
Direct and irrevocable-trust sales
Weighted-average sale price
$12.5609 per share
Trust sale
Class V Voting Stock held directly after transaction
5,040,975 shares
Following the reported cancellation
Class V Voting Stock held by irrevocable trust after transaction
369,084 shares
Following the reported cancellation
Class V Voting Stock held by trust after transaction
368,974 shares
Following the reported cancellation
Key Terms
10b5-1 plan, weighted average sale price, RSI Units, Amended and Restated Limited Partnership Agreement, +1 more
5 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.
weighted average sale price financial
"a weighted average sale price"
RSI Units technical
"Class A Common Stock Units ("RSI Units")"
Amended and Restated Limited Partnership Agreement technical
"Pursuant to the Amended and Restated Limited Partnership Agreement"
Class V Voting Stock technical
"shares of Class V Voting Stock of the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the terms of the RSI unit exchange?
Beginning June 29, 2021, RSI Units beneficially owned by the reporting person could be exchanged, subject to certain conditions, for one Class A common stock share per unit. An equivalent number of Class V Voting Stock shares held by the reporting person and/or affiliated trusts, as applicable, were canceled upon exchange.
AI-generated analysis. How Rhea-AI works. Not financial advice.
