Rush Street Interactive CEO, trusts sell 158,332 shares
The reported transaction prices ranged from $19.54 to $20.325 per share, and the sales were made under a Rule 10b5-1 plan.
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Form Type
4
Rhea-AI Filing Summary
Rush Street Interactive, Inc. CEO Richard Todd Schwartz and two trusts converted 47,222, 55,555 and 55,555 Class A Common Units of Rush Street Interactive, L.P., respectively, into equal numbers of Class A Common Stock on October 1, 2026; equivalent Class V Voting Stock was canceled. Schwartz and the trusts then sold those 158,332 Class A shares at a weighted average $19.877 per share. The sales were made under a Rule 10b5-1 plan.
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 ($3.15M)
Approx. gross sale proceeds
$3.15M
| 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 | $19.877 | $939K |
| Sale | Class A Common Stock F3, F4 | 55,555 | $19.877 | $1.10M |
| Sale | Class A Common Stock F3, F4 | 55,555 | $19.877 | $1.10M |
Holdings After Transaction:
Class A Common Units of Rush Street Interactive, L.P. — 5,042,775 contracts (Direct);
Class A Common Units of Rush Street Interactive, L.P. — 370,874 contracts (Indirect, By Irrevocable Trust);
Class A Common Units of Rush Street Interactive, L.P. — 370,874 contracts (Indirect, By Trust);
Class V Voting Stock — 5,042,775 shares (Direct);
Class V Voting Stock — 370,874 shares (Indirect, By Irrevocable Trust);
Class V Voting Stock — 370,874 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 October 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 $19.54 to $20.325 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
Class A Common Units converted directly: 47,222 units
Class A Common Units converted by irrevocable trust: 55,555 units
Class A Common Units converted by trust: 55,555 units
+3 more
6 metrics
Class A Common Units converted directly
47,222 units
Converted into an equal number of Class A Common Stock on October 1, 2026
Class A Common Units converted by irrevocable trust
55,555 units
Converted into an equal number of Class A Common Stock on October 1, 2026
Class A Common Units converted by trust
55,555 units
Converted into an equal number of Class A Common Stock on October 1, 2026
Class A shares sold
158,332 shares
October 1, 2026
Weighted average sale price
$19.877 per share
Sales on October 1, 2026
Sale price range
$19.54–$20.325 per share
Prices for the shares sold
Key Terms
RSI Units, Class V Voting Stock, Rule 10b5-1 plan, weighted average sale price
4 terms
RSI Units technical
"Class A Common Stock Units ("RSI Units")"
Class V Voting Stock technical
"provide no economic rights in the Issuer"
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
"reported price in Column 4 is a weighted average sale price"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RSI LP units remained after the conversion?
The reported remaining position was 5,042,775 Class A Common Units for Schwartz and 370,874 Class A Common Units for each trust after the October 1, 2026 conversions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
