Form 4: RSI COO Mattias Stetz Awarded RSUs, Tax Withholding Noted

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, received a restricted stock unit award and had shares withheld for tax obligations related to a prior RSU vesting.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), was awarded 35,423 restricted stock units (RSUs) on March 14, 2026, under the company's 2020 Omnibus Equity Incentive Plan.
• These RSUs will vest in three equal annual installments, commencing on the first anniversary of the grant date, contingent on Mr. Stetz's continued service.
• On March 16, 2026, 27,173 shares of Class A Common Stock were withheld by the Issuer to cover income tax withholding and remittance obligations associated with the vesting and net settlement of previously disclosed RSUs.
• This withholding event, valued at $20.25 per share, does not represent a voluntary sale by Mr. Stetz.
• Following these transactions, Mr. Stetz directly beneficially owns 257,874 shares of Class A Common Stock and indirectly owns 145,448 shares through his spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine executive compensation and tax-related share withholding, which are standard practices and do not indicate significant operational or financial changes for the company.

Positives

• Mattias Stetz was awarded 35,423 restricted stock units, indicating continued equity-based compensation and alignment with shareholder interests.

Negatives

• A total of 27,173 shares were disposed of to satisfy tax withholding obligations, which is a standard procedure for RSU vesting and not a voluntary sale.

Future Outlook

The awarded restricted stock units will vest in three equal annual installments, beginning on March 14, 2027, subject to the Chief Operating Officer's continued service.

Industry Context

StockSavvy.ai notes that equity awards like Restricted Stock Units are a common component of executive compensation packages in the technology and gaming industries, designed to align management incentives with long-term company performance and shareholder value. The tax withholding event is a routine administrative action following RSU vesting.

Comparison to Industry Standards

• The structure of RSU awards with multi-year vesting schedules is a standard practice across publicly traded companies, including those in the online gaming sector, such as DraftKings Inc. (DKNG) and FanDuel (Flutter Entertainment plc PDYPY), to promote executive retention and long-term commitment.
• The withholding of shares for tax purposes upon RSU vesting is a universal mechanism for settling tax obligations, consistent with practices observed at major tech companies like Alphabet (GOOGL) and Meta Platforms (META).

Stakeholder Impact

• Shareholders: The RSU award aligns executive incentives with long-term company performance, potentially benefiting shareholders through sustained growth.
• Employees: This filing specifically pertains to executive compensation and does not directly impact the broader employee base, though it reflects standard compensation practices.

Next Steps

• The awarded RSUs will vest in three equal annual installments, with the first installment occurring on March 14, 2027.

Key Dates

Keywords

Rush Street Interactive, RSI, Mattias Stetz, Restricted Stock Units, RSU, Insider Transaction, Equity Incentive Plan, Executive Compensation, Form 4