Rush Street Interactive (RSI) legal chief sells 15,000 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. director and Chief Legal Officer Paul Wierbicki sold 15,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $23.0013 per share. The sale was executed pursuant to a Rule 10b5-1 trading plan, meaning it was pre-scheduled rather than timed discretionarily. After this transaction, he directly holds 138,256 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares ($345,020)
Net Sell
1 txn
Insider
WIERBICKI PAUL
Role
Chief Legal Officer
Sold
15,000 shs ($345K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,000 | $23.0013 | $345K |
Holdings After Transaction:
Class A Common Stock — 138,256 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 $23 to $23.05 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: 15,000 shares
Weighted average sale price: $23.0013 per share
Post-transaction holdings: 138,256 shares
+1 more
4 metrics
Shares sold
15,000 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$23.0013 per share
Sale of 15,000 shares
Post-transaction holdings
138,256 shares
Direct ownership after sale
Sale price range
$23.00–$23.05 per share
Multiple transactions within this range
Key Terms
Rule 10b5-1 plan, weighted average sale price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 plan regulatory
"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."
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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 Chief Legal Officer Paul Wierbicki report?
Paul Wierbicki reported selling 15,000 shares of Rush Street Interactive Class A Common Stock. The open-market sale was executed at a weighted average price of $23.0013 per share, reflecting planned portfolio activity under a Rule 10b5-1 trading program.
Was the RSI insider sale by Paul Wierbicki under a Rule 10b5-1 plan?
Yes, the shares were sold pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule trades in advance, which can make the timing of the transactions more routine and less indicative of short-term views on the company’s stock.
What does the weighted average sale price mean in Paul Wierbicki’s RSI filing?
The weighted average sale price of $23.0013 per share reflects multiple trades between $23.00 and $23.05. The insider notes willingness to provide full details on the number of shares sold at each specific price within that range upon request to investors or regulators.