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 $20.11. After the reported transactions the filing shows 946,150 Class A common shares and 2,114,157 Class V voting shares beneficially owned by the reporting person.
Positive
- None.
Negative
- None.
Insights
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. | 70,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 70,000 | $0.00 | -- |
| Disposition | Class V Voting Stock | 70,000 | $0.00 | -- |
| Sale | Class A Common Stock | 70,000 | $19.9607 | $1.40M |
Footnotes (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. 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. Shares were sold pursuant to a 10b5-1 Plan dated September 27, 2024. 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. 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.
