CFO of Rush Street Interactive (RSI) sells 23,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. Chief Financial Officer Kyle Sauers reported an open-market sale of Class A Common Stock. On July 6, 2026, he sold 23,000 shares at an average price of $31.53 per share. Following this transaction, Sauers directly holds 652,526 shares of Class A Common Stock. The filing notes that the shares were sold pursuant to a Rule 10b5-1 trading plan, indicating the trades were pre-arranged under a preset plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,000 shares ($725,190)
Net Sell
1 txn
Insider
Sauers Kyle
Role
Chief Financial Officer
Sold
23,000 shs ($725K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,000 | $31.53 | $725K |
Holdings After Transaction:
Class A Common Stock — 652,526 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 23,000 shares
Sale price per share: $31.53 per share
Shares owned after transaction: 652,526 shares
+2 more
5 metrics
Shares sold
23,000 shares
Open-market sale on July 6, 2026
Sale price per share
$31.53 per share
Average price for Class A Common Stock sold
Shares owned after transaction
652,526 shares
Direct Class A Common Stock holdings post-sale
Transaction code
S
Sale in open market or private transaction
Security type
Class A Common Stock
Non-derivative security traded by CFO
Key Terms
Rule 10b5-1 plan, open-market sale, Class A Common Stock, Form 4
4 terms
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.
open-market sale financial
"transaction_action: "open-market sale" for Class A Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title: "Class A Common Stock" in the transaction record"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): Rush Street Interactive, Inc."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did RSI CFO Kyle Sauers report on this Form 4?
Kyle Sauers reported an open-market sale of Rush Street Interactive (RSI) Class A Common Stock. He sold 23,000 shares on July 6, 2026 at an average price of $31.53 per share, as disclosed in the Form 4 filing.
What type of security did the RSI CFO trade in this Form 4 filing?
The transaction involved Class A Common Stock of Rush Street Interactive (RSI). The Form 4 specifies this as a non-derivative security, meaning the CFO directly sold common shares rather than exercising options or trading derivative instruments.