Form 4: RSI COO Mattias Stetz Executes Stock Conversion and Sale

Rush Street Interactive COO Mattias Stetz converted Class A Common Units into common stock and sold 171,350 shares on May 5-6, 2026.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), executed a series of transactions on May 5 and May 6, 2026.
• The transactions involved the conversion of 171,350 Class A Common Units of Rush Street Interactive, L.P. into an equal number of shares of Class A Common Stock.
• Concurrently, an equivalent number of Class V Voting Stock shares were canceled as part of the exchange process.
• Following the conversions, the reporting person sold a total of 171,350 shares of Class A Common Stock at a price of $24.96 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions appear to be routine equity management by an executive rather than a signal of fundamental business change.

Positives

• The transactions represent a standard exercise of equity rights under the company's existing partnership agreement.
• The sale was executed at a consistent price point of $24.96 per share across all transactions.

Negatives

• The sale of 171,350 shares by a key executive (COO) may be perceived by some market participants as a reduction in personal stake in the company.

Risks

• Future sales by insiders could potentially impact market sentiment regarding the company's valuation.
• The reliance on the exchange of Class A Common Units for Class A Common Stock is subject to the terms of the Amended and Restated Limited Partnership Agreement.

Future Outlook

The filing does not provide forward-looking guidance regarding company performance or future strategic initiatives.

Industry Context

StockSavvy.ai notes that insider selling by C-suite executives is a common occurrence for liquidity or tax planning purposes and does not necessarily reflect a change in the executive's outlook on the company's long-term prospects.

Comparison to Industry Standards

• The transaction follows standard SEC reporting requirements for executives exercising equity-based compensation or partnership unit conversions.
• The volume of shares sold is consistent with typical executive liquidity events observed in the gaming and technology sectors.

Stakeholder Impact

• Shareholders should note the change in the executive's direct and indirect beneficial ownership levels.

Next Steps

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

Key Dates

Keywords

Rush Street Interactive, RSI, Insider Trading, Form 4, Equity Conversion, Mattias Stetz, COO