RSI insider Kyle Sauers acquires 44,253 shares via option exercise

Rhea-AI Filing Summary

Rush Street Interactive (RSI) reported an insider transaction by officer Kyle Sauers on 11/07/2025 via Form 4. He exercised stock options (transaction code M) at an exercise price of $3.99 to acquire 44,253 shares of Class A common stock.

Following the transaction, Sauers beneficially owns 514,826 shares directly. An additional 4,700 shares are held indirectly by a child. The options exercised stem from a grant dated September 27, 2022 that vested in three equal installments and is now fully vested. After this exercise, 132,556 derivative securities (stock options) remain beneficially owned, with an expiration date of 09/27/2032.

Insights

Corporate governance analyst

Routine insider option exercise; administrative disclosure, neutral impact.

Kyle Sauers, an officer of Rush Street Interactive, reported exercising stock options (code M) to acquire 44,253 Class A shares at an exercise price of $3.99 on 11/07/2025. His direct beneficial ownership is now 514,826 shares, with 4,700 shares held indirectly by a child.

The exercised grant originated on September 27, 2022, vested in three equal installments, and is fully vested. Post‑exercise, 132,556 derivative securities remain beneficially owned with an expiration on 09/27/2032. This filing records changes in insider holdings and does not, by itself, indicate operational or financial shifts.

Insider Trade Summary

44,253 shares exercised/converted

Mixed 3 txns

Insider Sauers Kyle

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	44,253	$0.00	--
Exercise	Class A Common Stock	44,253	$3.99	$177K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 132,556 shares (Direct); Class A Common Stock — 514,826 shares (Direct); Class A Common Stock — 4,700 shares (Indirect, By Child)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sauers Kyle

(Last) (First) (Middle)

C/O RUSH STREET INTERACTIVE, INC.

900 N. MICHIGAN AVENUE, SUITE 950

(Street)

CHICAGO IL 60611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Chief Financial Officer		President

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/07/2025		M		44,253	A	$3.99	514,826	D
Class A Common Stock								4,700	I	By Child

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$3.99	11/07/2025		M			44,253	(1)	09/27/2032	Class A Common Stock	44,253	$0	132,556	D

Explanation of Responses:

1. The stock options vested in three equal installments beginning on the first anniversary of the original grant date of September 27, 2022. This stock option is fully vested.

Remarks:

	/s/ Kyle Sauers	11/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did RSI disclose on this Form 4?

Officer Kyle Sauers exercised stock options (code M) to acquire 44,253 Class A shares at an exercise price of $3.99 on 11/07/2025.

How many RSI shares does the reporting person own after the transaction?

He beneficially owns 514,826 shares directly, plus 4,700 shares held indirectly by a child.

What was the exercise price and number of options exercised?

The stock options were exercised at $3.99 for 44,253 underlying shares of Class A common stock.

How many derivative securities remain after the exercise?

The reporting person beneficially owns 132,556 derivative securities (stock options) following the transaction.

What is the vesting status of the exercised options?

The options vested in three equal installments beginning on the first anniversary of the 09/27/2022 grant date and are fully vested.

When do the remaining options expire?

The expiration date disclosed is 09/27/2032.

What roles does the reporting person hold at RSI?

He is listed as an officer with the title Chief Financial Officer and as President.