Form 4: RSI Chief Legal Officer's Equity Transactions

Rush Street Interactive's Chief Legal Officer, Paul Wierbicki, received restricted stock units and had shares withheld for tax obligations.

Summary

• Paul Wierbicki, Chief Legal Officer and Director of Rush Street Interactive, Inc. (RSI), was awarded 28,086 restricted stock units (RSUs) on March 14, 2026.
• The RSUs were granted under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan, as amended.
• These RSUs will vest in three equal annual installments, commencing on the first anniversary of the grant date, contingent on continued service.
• On March 16, 2026, 30,266 shares of Class A Common Stock were withheld by the Issuer to cover income tax withholding and remittance obligations related to the vesting and net settlement of previously disclosed RSUs.
• The shares withheld for tax purposes were valued at $20.25 per share.
• Following these transactions, Paul Wierbicki beneficially owns 183,256 shares of Class A Common Stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event. The grant of restricted stock units to a key executive demonstrates continued commitment and aligns management's long-term interests with shareholders, while the tax withholding is a routine, neutral event.

Positives

• The award of 28,086 restricted stock units aligns the Chief Legal Officer's interests with those of shareholders, incentivizing long-term performance.
• The RSU grant is part of the company's 2020 Omnibus Equity Incentive Plan, indicating a structured approach to executive compensation and retention.

Future Outlook

The awarded restricted stock units are scheduled to vest in three equal annual installments, beginning on March 14, 2027, subject to the Reporting Person's continued service.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, like this one, primarily provide transparency into insider holdings and compensation structures rather than broader industry trends. Such filings are standard practice for publicly traded companies to disclose changes in beneficial ownership by officers and directors.

Stakeholder Impact

• Shareholders: The RSU grant reinforces management's equity stake, potentially aligning their incentives with shareholder value creation.
• Employees: The equity incentive plan provides a framework for compensation that can attract and retain key talent.

Next Steps

• The restricted stock units will vest in three equal annual installments, with the first vesting occurring on March 14, 2027.

Key Dates

Keywords

Rush Street Interactive, RSI, Paul Wierbicki, Form 4, Insider Trading, Restricted Stock Units, Equity Incentive Plan, Chief Legal Officer, Director