Rush Street Interactive Form 4: 70k-Share Conversion and Sale by CIO

Rhea-AI Filing Summary

Rush Street Interactive insider activity: Chief Information Officer Einar Roosileht reported transactions on 10/01/2025. He exchanged 70,000 Class A common units of Rush Street Interactive, L.P. for 70,000 shares of Class A common stock, with an equivalent number of Class V voting shares noted as canceled per the partnership agreement. The filing also reports the sale of 70,000 Class A shares under a 10b5-1 plan at a weighted average price of $19.9607 (sale prices ranged from $19.45 to $20.11946,150 Class A common shares and 2,114,157 Class V voting shares beneficially owned by the reporting person.

Insights

Securities Analyst

TL;DR: Routine insider conversion and pre-planned sale; no new operational information is disclosed.

The Form 4 documents a mechanical exchange of private partnership units into public Class A shares and a contemporaneous sale executed under a previously established 10b5-1 plan. The weighted average sale price of $19.9607 and the disclosed price range provide transparency on execution levels. This filing does not provide financial results or indicate changes to executive role or control. For investors, the transactions primarily affect share composition and insider liquidity but are routine in nature.

Corporate Governance Expert

TL;DR: Conversion and cancelation follow governing agreements; the sale was pre-authorized under a 10b5-1 plan.

The exchange of 70,000 RSI LP units for Class A shares and concurrent cancellation of equivalent Class V voting stock is described as occurring pursuant to the partnership agreement. The reporting person sold the resulting Class A shares under a 10b5-1 trading plan dated September 27, 2024, which indicates the disposition was pre-arranged rather than opportunistic. The filing is a routine compliance disclosure under Section 16 and raises no governance red flags by itself.

10/01/2025 - 06:12 PM

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

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

1. Name and Address of Reporting Person^*

ROOSILEHT EINAR

(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)		Other (specify below)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		C		70,000	A	$0(1)	946,150	D
Class V Voting Stock	10/01/2025		D		70,000	D	$0(1)	2,114,157(1)(2)	D
Class A Common Stock	10/01/2025		S(3)		70,000	D	$19.9607(4)	876,150	D

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
Class A Common Units of Rush Street Interactive, L.P.	(5)	10/01/2025		C			70,000	(5)	(5)	Class A Common Stock	70,000	$0	2,114,157	D

Explanation of Responses:

1. On October 1, 2025, the reporting person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 70,000 Class A Common Stock Units ("RSI Units") for 70,000 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.

2. 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.

3. Shares were sold pursuant to a 10b5-1 Plan dated September 27, 2024.

4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.45 to $20.11 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.

5. 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.

Remarks:

	/s/ Kyle Sauers as Attorney-in-fact	10/01/2025
	** 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 did RSI insider Einar Roosileht do on 10/01/2025?

He exchanged 70,000 RSI LP Class A common units for 70,000 Class A shares and sold 70,000 Class A shares under a 10b5-1 plan.

At what price were the 70,000 Class A shares sold?

The weighted average sale price was $19.9607, with individual sale prices ranging from $19.45 to $20.11.

What positions does the reporting person hold at RSI?

The reporting person is listed as Chief Information Officer of Rush Street Interactive, Inc.

How many Class A and Class V shares does the filing show after the transactions?

The filing reports beneficial ownership of 946,150 Class A common shares and 2,114,157 Class V voting shares following the reported transactions.

Was the sale part of a pre-authorized trading plan?

Yes, the sale was executed pursuant to a 10b5-1 plan dated September 27, 2024.