Rush Street Interactive CFO disposes 30,000 Class A shares via 10b5-1 plan
Rhea-AI Filing Summary
Rush Street Interactive CFO Mattias Stetz reported the sale of 30,000 shares of Class A common stock on 09/02/2025 under a 10b5-1 trading plan dated August 16, 2024, at a weighted average price of $21.4467 per share (individual trades ranged $21.142 to $21.847). After the reported disposals, Mr. Stetz directly beneficially owns 261,051 shares. He also reports indirect beneficial ownership of 205,448 shares through his spouse. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR Insider sale executed under a documented 10b5-1 plan; disclosure appears procedurally compliant and routine.
The filing shows a planned disposition of 30,000 Class A shares under a 10b5-1 plan dated August 16, 2024, with the reporter supplying a weighted average sale price and a range of execution prices. The disclosure of both direct and indirect holdings, and the offer to provide trade-level details on request, aligns with Section 16 reporting expectations and the affirmative defense mechanics of Rule 10b5-1.
TL;DR Sale size is modest relative to reported holdings; this is a routine insider liquidity event rather than a material corporate development.
The reporter retained a substantial direct position (261,051 shares) and indirect position (205,448 shares via spouse) after the sale, indicating continued significant ownership. The transaction date, execution price range, and use of a pre-existing 10b5-1 plan suggest the sale was pre-arranged rather than event-driven. No derivative transactions or additional material changes were disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 30,000 | $21.4467 | $643K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares were sold pursuant to a 10b5-1 Plan dated August 16, 2024. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.142 to $21.847 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.