Form 4: RSI CEO Richard Schwartz Sells 61,765 Shares

Rush Street Interactive CEO Richard Schwartz sold 61,765 shares of Class A Common Stock via a 10b5-1 trading plan.

Summary

• CEO Richard Schwartz sold 61,765 shares of Rush Street Interactive (RSI) Class A Common Stock.
• The shares were sold at a weighted average price of $22.5963 per share.
• The transaction was executed on April 16, 2026, pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Following the sale, the CEO retains beneficial ownership of 374,036 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed through a pre-planned 10b5-1 arrangement, which is standard practice for corporate officers.

Positives

• The sale was conducted under a pre-established 10b5-1 plan, which is a standard mechanism for executives to sell stock without triggering insider trading concerns.

Negatives

• The transaction represents a reduction in the CEO's direct equity stake in the company.

Risks

• Market perception of executive selling can sometimes lead to short-term volatility in share price.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales via 10b5-1 plans are common in the gaming and technology sectors and are generally viewed as routine liquidity events rather than signals of company performance.

Comparison to Industry Standards

• The use of 10b5-1 plans is the industry standard for executives at publicly traded companies like DraftKings or Flutter Entertainment to manage personal equity holdings.

Stakeholder Impact

• Shareholders should note the reduction in insider ownership, though the use of a 10b5-1 plan mitigates concerns regarding non-public information.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Rush Street Interactive, RSI, Insider Trading, Form 4, Richard Schwartz, Executive Stock Sale