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Rush Street Interactive (NYSE: RSI) CEO sells 158k shares in 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Rush Street Interactive, Inc. director and CEO Richard Todd Schwartz, together with affiliated trusts, sold 158,334 shares of Class A Common Stock on June 1, 2026 in open-market transactions under a Rule 10b5-1 trading plan. The weighted average sale price was $25.5776 per share, with individual trades executed between $25.08 and $25.98 per share.

On the same date, RSI LP Class A Common Units were exchanged for an equal number of Class A Common Stock shares, and equivalent shares of Class V Voting Stock were canceled, consistent with the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP. Class V Voting Stock carries voting rights but no economic rights, so these cancellations primarily affected voting power while the conversions increased Class A Common Stock holdings before the sales.

Positive

  • None.

Negative

  • None.
Insider SCHWARTZ RICHARD TODD
Role Chief Executive Officer
Sold 158,334 shs ($4.05M)
Type Security Shares Price Value
Conversion Class A Common Units of Rush Street Interactive, L.P. 47,222 $0.00 --
Conversion Class A Common Units of Rush Street Interactive, L.P. 55,556 $0.00 --
Conversion Class A Common Units of Rush Street Interactive, L.P. 55,556 $0.00 --
Conversion Class A Common Stock 47,222 $0.00 --
Disposition Class V Voting Stock 47,222 $0.00 --
Conversion Class A Common Stock 55,556 $0.00 --
Disposition Class V Voting Stock 55,556 $0.00 --
Conversion Class A Common Stock 55,556 $0.00 --
Disposition Class V Voting Stock 55,556 $0.00 --
Sale Class A Common Stock 47,222 $25.5776 $1.21M
Sale Class A Common Stock 55,556 $25.5776 $1.42M
Sale Class A Common Stock 55,556 $25.5776 $1.42M
Holdings After Transaction: Class A Common Units of Rush Street Interactive, L.P. — 5,231,663 shares (Direct, null); Class A Common Units of Rush Street Interactive, L.P. — 593,096 shares (Indirect, By Irrevocable Trust); Class A Common Stock — 421,258 shares (Direct, null); Class V Voting Stock — 5,231,663 shares (Direct, null); Class A Common Stock — 55,556 shares (Indirect, By Irrevocable Trust); Class V Voting Stock — 593,096 shares (Indirect, By Irrevocable Trust)
Footnotes (1)
  1. On June 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. 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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.08 to $25.98 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.
Shares sold 158,334 shares Total Class A Common Stock sold in open-market transactions
Weighted average sale price $25.5776 per share Average price for reported open-market sales on June 1, 2026
Price range of sales $25.08–$25.98 per share Range of individual trade prices disclosed in footnote
Derivative exchanges 158,334 units converted RSI LP Class A Common Units converted into Class A Common Stock
Class V shares canceled (direct) 47,222 shares Directly held Class V Voting Stock disposed to issuer
LP units remaining (direct) 5,231,663 units Directly held Class A Common Units of RSI LP after transactions
10b5-1 plan financial
"Shares were sold pursuant to a 10b5-1 plan."
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
Class V Voting Stock financial
"The shares of Class V Voting Stock of the Issuer provide no economic rights..."
Amended and Restated Limited Partnership Agreement financial
"pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP"
derivative conversion financial
"transaction_action": "derivative conversion""
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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*
SCHWARTZ RICHARD TODD
(Last)(First)(Middle)
C/O RUSH STREET INTERACTIVE, INC.
900 N. MICHIGAN AVENUE, SUITE 950
(Street)
CHICAGO ILLINOIS 60611
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Rush Street Interactive, Inc. [ RSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/01/2026C47,222A$0(1)421,258D
Class V Voting Stock06/01/2026D47,222D$0(1)5,231,663(1)(2)D
Class A Common Stock06/01/2026C55,556A$0(1)55,556IBy Irrevocable Trust
Class V Voting Stock06/01/2026D55,556D$0(1)593,096(1)(2)IBy Irrevocable Trust
Class A Common Stock06/01/2026C55,556A$0(1)55,556IBy Trust
Class V Voting Stock06/01/2026D55,556D$0(1)593,096(1)(2)IBy Trust
Class A Common Stock06/01/2026S(3)47,222D$25.5776(4)374,036D
Class A Common Stock06/01/2026S(3)55,556D$25.5776(4)0IBy Irrevocable Trust
Class A Common Stock06/01/2026S(3)55,556D$25.5776(4)0IBy Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Common Units of Rush Street Interactive, L.P.(5)06/01/2026C47,222 (5) (5)Class A Common Stock47,222$05,231,663D
Class A Common Units of Rush Street Interactive, L.P.(5)06/01/2026C55,556 (5) (5)Class A Common Stock55,556$0593,096IBy Irrevocable Trust
Class A Common Units of Rush Street Interactive, L.P.(5)06/01/2026C55,556 (5) (5)Class A Common Stock55,556$0593,096IBy Trust
Explanation of Responses:
1. On June 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.
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.
4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.08 to $25.98 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-fact06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did RSI CEO Richard Todd Schwartz report on June 1, 2026?

Richard Todd Schwartz and affiliated trusts reported selling 158,334 shares of Rush Street Interactive Class A Common Stock. These were open-market transactions executed the same day as related unit exchanges and voting stock cancellations under existing partnership and capital structures.

At what prices did RSI insider shares sell in the latest Form 4 filing?

The reported weighted average sale price was $25.5776 per share for Rush Street Interactive stock. Individual trades took place in multiple transactions within a price range from $25.08 to $25.98 per share, according to the detailed Form 4 footnote disclosure.

How many Rush Street Interactive shares did the insider sell in total?

The Form 4 shows net sales of 158,334 shares of Class A Common Stock. This total comes from several open-market sale transactions involving both directly held shares and shares held through affiliated trusts associated with Richard Todd Schwartz.

What is the role of Class V Voting Stock in Rush Street Interactive’s structure?

Class V Voting Stock provides voting rights but no economic rights in Rush Street Interactive. Each share carries votes equal to the number of Class V shares held, and related cancellations occurred when RSI LP units were exchanged into Class A Common Stock.

Were the recent RSI insider stock sales made under a 10b5-1 trading plan?

Yes. A Form 4 footnote states the shares were sold pursuant to a Rule 10b5-1 plan. These pre-arranged trading plans schedule transactions in advance, which can make the timing of sales less reflective of short-term views on the company’s stock.

What structural exchange occurred alongside the RSI insider’s stock sales?

On June 1, 2026, RSI LP Class A Common Units were exchanged for the same number of Rush Street Interactive Class A Common Stock shares. At the same time, an equivalent number of Class V Voting Stock shares held by the insider and affiliated trusts were canceled.