CFO sells 23,000 Rush Street Interactive (RSI) shares under 10b5-1
Rhea-AI Filing Summary
Rush Street Interactive, Inc. reported that Chief Financial Officer and President Kyle Sauers sold 23,000 shares of Class A Common Stock on August 3, 2026 at an average price of $26.65 per share pursuant to a Rule 10b5-1 plan, leaving him with 629,526 shares held directly.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 23,000 shares
Net Sell
1 txn
Insider
Sauers Kyle
Role
Chief Financial Officer
Sold
23,000 shs ($613K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 23,000 | $26.65 | $613K |
Holdings After Transaction:
Class A Common Stock — 629,526 shares (Direct)
Footnotes (1)
- F1. Shares were sold pursuant to a 10b5-1 plan.
Key Figures
Shares sold: 23,000 shares
Sale price per share: $26.65
Shares held after transaction: 629,526 shares
+1 more
4 metrics
Shares sold
23,000 shares
Class A Common Stock sale on 2026-08-03
Sale price per share
$26.65
Average price for 23,000-share sale on 2026-08-03
Shares held after transaction
629,526 shares
Direct holdings of Kyle Sauers following the sale
Net shares sold
23,000 shares
Net sell volume in this Form 4, all non-derivative
Key Terms
Rule 10b5-1 plan, Class A Common Stock, open market or private transaction
3 terms
Rule 10b5-1 plan financial
"Shares were sold pursuant to a 10b5-1 plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Class A Common Stock financial
"security_title: Class A Common Stock reported in the transaction"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RSI executive Kyle Sauers report?
Kyle Sauers, Chief Financial Officer and President of Rush Street Interactive (RSI), reported selling 23,000 shares of Class A Common Stock at $26.65 per share on August 3, 2026, in a transaction made under a pre-arranged Rule 10b5-1 plan.
Was the RSI insider sale by Kyle Sauers made under a Rule 10b5-1 plan?
Yes. The Form 4 notes that the 23,000-share sale by Kyle Sauers was executed pursuant to a Rule 10b5-1 plan. Such plans are pre-arranged trading programs that allow insiders to systematically sell shares according to predetermined instructions.
What role does Kyle Sauers hold at Rush Street Interactive (RSI)?
Kyle Sauers is identified as Chief Financial Officer and President of Rush Street Interactive, Inc. His Form 4 filing reflects insider activity in the company’s Class A Common Stock in his capacity as a senior executive officer.