RSI (RSI) CEO Schwartz sells 61,765 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Executive Officer Richard Todd Schwartz reported an open-market sale of 61,765 shares of Class A Common Stock. The shares were sold at a weighted average price of $22.5963 per share in multiple transactions pursuant to a Rule 10b5-1 trading plan. Following the sale, he continues to hold 374,036 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 61,765 shares ($1,395,660)
Net Sell
1 txn
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
61,765 shs ($1.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 61,765 | $22.5963 | $1.40M |
Holdings After Transaction:
Class A Common Stock — 374,036 shares (Direct)
Footnotes (1)
- 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 $22.38 to $23.00 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.
Key Figures
Shares sold: 61,765 shares
Weighted average sale price: $22.5963 per share
Post-transaction holdings: 374,036 shares
+1 more
4 metrics
Shares sold
61,765 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$22.5963 per share
Price reported for the 61,765 shares sold
Post-transaction holdings
374,036 shares
Shares directly held after the reported sale
Sale price range
$22.38–$23.00 per share
Range of prices across multiple sale transactions
Key Terms
Rule 10b5-1 Plan, weighted average sale price, Class A Common Stock
3 terms
Rule 10b5-1 Plan financial
"Shares were sold pursuant to a 10b5-1 Plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did RSI CEO Richard Todd Schwartz report?
RSI CEO Richard Todd Schwartz reported selling 61,765 shares of Class A Common Stock. The open-market sale was executed under a Rule 10b5-1 trading plan at a weighted average price of $22.5963 per share, leaving him with 374,036 shares held directly afterward.
What does it mean that the RSI CEO’s sale was under a Rule 10b5-1 plan?
The filing states the RSI CEO’s sale was made pursuant to a Rule 10b5-1 plan. This indicates the trades followed a pre-arranged trading plan, which is designed to allow insiders to sell shares on a scheduled basis under predetermined instructions.