Form 4: RSI CIO Sells Shares After Unit Conversion

Rush Street Interactive's Chief Information Officer, Einar Roosileht, converted partnership units into Class A Common Stock and subsequently sold 70,000 shares for $21.4734 each.

Summary

• Einar Roosileht, Chief Information Officer of Rush Street Interactive, Inc. (RSI), exchanged 70,000 Class A Common Stock Units of Rush Street Interactive, L.P. (RSI LP) for 70,000 shares of Class A Common Stock of the Issuer on September 2, 2025.
• Concurrently with the exchange, 70,000 shares of Class V Voting Stock held by Mr. Roosileht were canceled.
• Following the conversion, Mr. Roosileht sold 70,000 shares of Class A Common Stock at a price of $21.4734 per share on September 2, 2025.
• The sale was executed pursuant to a Rule 10b5-1 trading plan established on September 27, 2024.
• After these transactions, Mr. Roosileht beneficially owns 876,150 shares of Class A Common Stock and 2,184,157 shares of Class V Voting Stock.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned insider sale under a 10b5-1 plan, which is a common practice for executive liquidity and compensation management, and does not inherently signal positive or negative company performance or a change in strategic direction.

Negatives

• Chief Information Officer Einar Roosileht disposed of 70,000 shares of Class A Common Stock through a sale on the open market.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reporting person exchanged 70,000 Class A Common Stock Units of Rush Street Interactive, L.P. for 70,000 shares of Class A Common Stock of the Issuer, as per the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. This is a transaction between the executive and an affiliated entity.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even if pre-planned, could be perceived by some as a slight negative signal, though the 10b5-1 plan mitigates this interpretation. It also increases the public float of Class A Common Stock.

Key Dates

Recommendation

The filing details a pre-planned insider sale by the Chief Information Officer, Einar Roosileht, executed under a Rule 10b5-1 plan. Such transactions are often for personal liquidity or diversification and do not necessarily reflect a change in the company's fundamental outlook or the executive's confidence. Therefore, it does not provide a strong signal to alter an existing investment position.

Keywords

Rush Street Interactive, RSI, Form 4, Insider Trading, Stock Sale, Einar Roosileht, Chief Information Officer, 10b5-1 Plan, Equity Conversion