Form 4: RSI COO Mattias Stetz Acquires Shares from PSU Vesting

Rush Street Interactive's COO, Mattias Stetz, acquired 296,692 Class A Common Stock shares through PSU vesting, with 131,874 shares withheld for taxes.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), reported transactions involving Class A Common Stock.
• On January 6, 2026, Stetz acquired 296,692 shares of Class A Common Stock at a price of $19.77 per share.
• This acquisition resulted from the vesting and settlement of Performance Stock Units (PSUs) originally granted on March 15, 2023, which were subject to specific performance criteria.
• Concurrently, 131,874 shares were disposed of at $19.77 per share to cover withholding taxes due upon the settlement of these PSUs.
• Following these transactions, Stetz directly beneficially owns 309,624 shares of Class A Common Stock.
• Additionally, 165,448 shares are indirectly beneficially owned by Stetz through his spouse.

Sentiment

Score: 6

Explanation: The filing indicates the successful vesting of performance-based equity awards, suggesting that the company met certain performance criteria. While shares were withheld for taxes, this is a standard procedure and the net effect is an increase in insider ownership, which can be viewed positively.

Positives

• The vesting of 296,692 Performance Stock Units indicates that specific performance criteria set by the company were met.
• The Chief Operating Officer's direct beneficial ownership increased by a net of 164,818 shares (296,692 acquired 131,874 withheld for taxes).

Negatives

• 131,874 shares were withheld to cover tax obligations, reducing the net number of shares acquired.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This filing reports a routine equity compensation event for an executive, which is common across various industries, particularly in publicly traded companies. It does not provide specific insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• The vesting of Performance Stock Units (PSUs) is a standard practice in executive compensation across many industries, including the interactive entertainment and gaming sector where Rush Street Interactive operates.
• This mechanism aligns executive incentives with company performance, similar to practices at peers like DraftKings (DKNG) or FanDuel's parent company, Flutter Entertainment (FLTR.L).
• The withholding of shares for taxes upon vesting is also a standard procedure to manage tax liabilities associated with equity awards.

Related Party Transactions

• The transaction involves equity compensation for a Chief Operating Officer, which is a standard arrangement between an executive and the company.

Stakeholder Impact

• Shareholders: The vesting of PSUs suggests the company met performance targets, which could be a positive signal. The net increase in insider ownership might be viewed as a sign of confidence.
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base.

Key Dates

Keywords

Rush Street Interactive, RSI, Mattias Stetz, Form 4, insider transaction, PSU vesting, stock acquisition, COO, beneficial ownership, equity compensation