SCHEDULE 13G/A: Divisadero Street Entities Disclose 5.4% Stake in Rush Street Interactive

Divisadero Street Capital Management, LP and affiliated entities have disclosed a beneficial ownership of 5.4% of Rush Street Interactive, Inc.'s Class A common stock as of December 31, 2024.

Summary

• Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each reported beneficial ownership of 4,766,612 shares of Rush Street Interactive, Inc.'s Class A common stock.
• This collective ownership represents 5.4% of the Class A common stock.
• Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC each reported beneficial ownership of 3,033,299 shares, representing 3.4% of the Class A common stock.
• All reported shares are held with shared voting and shared dispositive power, with no sole voting or dispositive power indicated.
• The shares are directly owned by advisory clients of Divisadero Street Capital Management, LP, and no single advisory client is known to beneficially own more than 5% of the Class A common stock.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The reporting persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance data to assess sentiment beyond neutral.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a routine disclosure by an institutional investor, Divisadero Street Capital Management, LP, and its affiliates, detailing their passive beneficial ownership stake in Rush Street Interactive, Inc. Such filings are standard practice in the investment management industry to ensure transparency regarding significant ownership positions in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which can influence market perception of institutional interest in the company.

Key Dates

Keywords

Rush Street Interactive, RSI, Divisadero Street Capital Management, William Zolezzi, Schedule 13G, Beneficial Ownership, Class A common stock, SEC filing, Institutional Investor, Investment Management