Rush Street Interactive (NYSE: RSI) COO-linked trust and spouse sell 70K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Operating Officer Mattias Stetz reported insider transactions linked to entities associated with him. A trust and his spouse sold a total of 70,000 shares of Class A Common Stock in open-market transactions at weighted average prices of $24.0562 and $27.4437 per share under a Rule 10b5-1 trading plan. On the same date, a trust exchanged 50,000 Class A Common Units of Rush Street Interactive, L.P. for 50,000 shares of Class A Common Stock, with an equivalent 50,000 shares of Class V Voting Stock canceled. Following these moves, associated holdings shown in the filing include direct ownership of 237,874 shares of Class A Common Stock and 482,078 shares of Class V Voting Stock, plus 482,078 partnership units exchangeable into Class A shares, while the Class V stock carries voting rights but no economic rights.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 70,000 shares ($1,853,309)
Net Sell
8 txns
Insider
STETZ MATTIAS
Role
Chief Operating Officer
Sold
70,000 shs ($1.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Disposition | Class V Voting Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $27.4437 | $1.37M |
| Sale | Class A Common Stock | 20,000 | $24.0562 | $481K |
| 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. — 850,000 shares (Indirect, By Trust);
Class A Common Stock — 50,000 shares (Indirect, By Trust);
Class V Voting Stock — 850,000 shares (Indirect, By Trust);
Class A Common Units of Rush Street Interactive, L.P. — 482,078 shares (Direct, null);
Class A Common Stock — 237,874 shares (Direct, null);
Class V Voting Stock — 482,078 shares (Direct, null)
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 $24 to $24.15 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. On April 29, 2026, the Reporting Person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 50,000 Class A Common Stock Units ("RSI Units") for 50,000 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 being canceled. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. 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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.40 to $28.25 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. 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
Open-market sale (trust): 50,000 shares at $27.4437
Open-market sale (spouse): 20,000 shares at $24.0562
Total net shares sold: 70,000 shares
+4 more
7 metrics
Open-market sale (trust)
50,000 shares at $27.4437
Class A Common Stock sold indirectly by trust on April 29, 2026
Open-market sale (spouse)
20,000 shares at $24.0562
Class A Common Stock sold indirectly via spouse on April 27, 2026
Total net shares sold
70,000 shares
Net-sell direction across reported open-market transactions
Unit-to-share exchange
50,000 units for 50,000 shares
RSI LP Class A Common Units converted to Class A Common Stock on April 29, 2026
Direct Class A holdings
237,874 shares
Class A Common Stock held directly as of April 27, 2026
Direct Class V holdings
482,078 shares
Class V Voting Stock held directly as of April 27, 2026
Exchangeable units
482,078 units
Class A Common Units of RSI L.P. exchangeable into Class A Common Stock
Key Terms
10b5-1 plan, Class V Voting Stock, Amended and Restated Limited Partnership Agreement, RSI Units, +1 more
5 terms
10b5-1 plan financial
"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 financial
"pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
RSI Units financial
"50,000 Class A Common Stock Units ("RSI Units") for 50,000 shares"
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
FAQ
What insider transactions did RSI Chief Operating Officer Mattias Stetz report?
Mattias Stetz reported associated entities sold 70,000 Rush Street Interactive Class A shares in open-market trades. A related trust also exchanged 50,000 partnership units for 50,000 Class A shares, canceling an equivalent number of Class V Voting Stock in a linked capital structure adjustment.
What happened to the Class V Voting Stock in the RSI insider transactions?
In connection with exchanging 50,000 partnership units for 50,000 Class A shares, an equivalent 50,000 Class V Voting Stock shares were canceled. The filing explains Class V stock carries voting rights but no economic rights in Rush Street Interactive.