Rush Street Interactive CEO sells 158K shares
Rhea-AI Filing Summary
Rush Street Interactive, Inc. reported that Chief Executive Officer and director Richard Todd Schwartz and affiliated trusts converted a total of 158,332 Class A Common Units of Rush Street Interactive, L.P. into the same number of shares of Class A Common Stock on September 1, 2026, with an equivalent number of Class V Voting Stock shares canceled. On the same date, those 158,332 Class A Common Stock shares, held directly and through trusts, were sold at a weighted average price of $25.6914 per share pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
12 txns
Insider
SCHWARTZ RICHARD TODD
Role
Chief Executive Officer
Sold
158,332 shs ($4.07M)
Approx. gross sale proceeds
$4.07M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F5 | 47,222 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F5 | 55,555 | $0.00 | $0.00 |
| Conversion | Class A Common Units of Rush Street Interactive, L.P. F5 | 55,555 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 47,222 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 47,222 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 55,555 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 55,555 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 55,555 | $0.00 | $0.00 |
| Disposition | Class V Voting Stock F1, F2 | 55,555 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F4 | 47,222 | $25.6914 | $1.21M |
| Sale | Class A Common Stock F3, F4 | 55,555 | $25.6914 | $1.43M |
| Sale | Class A Common Stock F3, F4 | 55,555 | $25.6914 | $1.43M |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 5,089,997 contracts (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 426,429 contracts (Indirect, By Irrevocable Trust);
Class A Common Units of Rush Street Interactive, L.P. — 426,429 contracts (Indirect, By Trust);
Class V Voting Stock — 5,089,997 shares (Direct);
Class V Voting Stock — 426,429 shares (Indirect, By Irrevocable Trust);
Class V Voting Stock — 426,429 shares (Indirect, By Trust);
Class A Common Stock — 374,036 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By Trust)
Footnotes (5)
- F1. On September 1, 2026, the Reporting Person and/or affiliated trusts exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), the number of Class A Common Stock Units ("RSI Units") set forth in this box for the same number of 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 and/or affiliated trusts, as applicable, being canceled.
- F2. 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.
- F3. Shares were sold pursuant to a 10b5-1 plan.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.175 to $26.24 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.
- F5. 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.
Key Figures
Shares of Class A Common Stock sold: 158,332 shares
Weighted average sale price: $25.6914 per share
Sale price range: $25.175 to $26.24 per share
+5 more
8 metrics
Shares of Class A Common Stock sold
158,332 shares
Total shares sold by CEO and affiliated trusts on September 1, 2026
Weighted average sale price
$25.6914 per share
Weighted average price for RSI Class A Common Stock sales on September 1, 2026
Sale price range
$25.175 to $26.24 per share
Range of prices across multiple RSI share sale transactions
Class A Common Units converted
158,332 units
RSI L.P. Class A Common Units exchanged one-for-one into Class A Common Stock
Direct Class A Common Units after transaction
5,089,997 units
Direct Class A Common Units of Rush Street Interactive, L.P. following conversion
Indirect Class A Common Units after transaction
426,429 units
Class A Common Units held indirectly by trusts following conversion
Shares sold directly by CEO
47,222 shares
Direct holdings of RSI Class A Common Stock sold on September 1, 2026
Shares sold by each trust
55,555 shares per trust
RSI Class A Common Stock sold by the irrevocable trust and another trust
Key Terms
Class V Voting Stock, Rule 10b5-1 plan, weighted average sale price, Amended and Restated Limited Partnership Agreement, +1 more
5 terms
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights"
Rule 10b5-1 plan regulatory
"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.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Amended and Restated Limited Partnership Agreement regulatory
"exchanged, pursuant to the Amended and Restated Limited Partnership Agreement"
Class A Common Units of Rush Street Interactive, L.P. financial
"the number of Class A Common Stock Units ("RSI Units") set forth"
FAQ
What insider activity did RSI report for CEO Richard Todd Schwartz on September 1, 2026?
Rush Street Interactive, Inc. reported that CEO Richard Todd Schwartz and affiliated trusts exchanged 158,332 Class A Common Units of Rush Street Interactive, L.P. for 158,332 shares of Class A Common Stock, with an equivalent number of Class V Voting Stock shares canceled the same day.
Were the September 1, 2026 RSI insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 plan, indicating the sales followed a pre-established trading arrangement rather than being initiated at the time based on new information.
What happened to RSI’s Class V Voting Stock held by the CEO and trusts?
In connection with the exchanges, an equivalent number of Class V Voting Stock shares held by the reporting person and affiliated trusts were canceled. Class V Voting Stock provides voting rights but no economic rights in Rush Street Interactive, Inc.
What type of securities were converted into RSI Class A Common Stock in this Form 4?
The reporting person and affiliated trusts converted Class A Common Units of Rush Street Interactive, L.P. (referred to as RSI Units) into Class A Common Stock of Rush Street Interactive, Inc. on a one-for-one basis, as described in the partnership agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
