Rush Street Interactive (RSI) CFO sells 23K shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Financial Officer Kyle Sauers reported an open-market sale of 23,000 shares of Class A common stock at $25.44 per share. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance.
After the sale, Sauers directly holds 631,258 Class A shares, showing he maintains a substantial equity position. The filing also notes 4,700 shares held indirectly by a child, reflecting additional family ownership reported as indirect.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,000 shares ($585,120)
Net Sell
2 txns
Insider
Sauers Kyle
Role
Chief Financial Officer
Sold
23,000 shs ($585K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,000 | $25.44 | $585K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 631,258 shares (Direct, null);
Class A Common Stock — 4,700 shares (Indirect, By Child)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 23,000 shares
Sale price: $25.44 per share
Direct holdings after sale: 631,258 shares
+1 more
4 metrics
Shares sold
23,000 shares
Open-market sale of Class A common stock
Sale price
$25.44 per share
Price for the 23,000 shares sold
Direct holdings after sale
631,258 shares
Class A common stock held directly by CFO after transaction
Indirect holdings
4,700 shares
Class A shares held indirectly by child
Key Terms
Rule 10b5-1, open-market sale, indirect ownership
3 terms
Rule 10b5-1 regulatory
"Shares were sold pursuant to a 10b5-1 plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
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.
indirect ownership financial
""ownership_type": "indirect" and "nature_of_ownership": "By Child""
FAQ
What insider transaction did Rush Street Interactive (RSI) report for Kyle Sauers?
Rush Street Interactive reported that CFO Kyle Sauers sold 23,000 shares of Class A common stock at $25.44 per share. The transaction was an open-market sale executed under a pre-arranged Rule 10b5-1 trading plan disclosed in the Form 4 filing.
Was the Rush Street Interactive (RSI) insider sale pre-planned under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 plan. Such plans allow insiders to schedule trades in advance, which can reduce the significance of trade timing as a signal of changing views about the company.
Does the Form 4 show any derivative exercises for Rush Street Interactive (RSI) by Kyle Sauers?
No derivative exercises are shown in this Form 4 for Kyle Sauers. The filing reports one open-market sale of 23,000 Class A common shares and a separate holding entry for 4,700 indirectly held shares, with no option or warrant activity disclosed.