Form 4: RSI COO Sells $2.1M in Stock Under 10b5-1 Plan

Rush Street Interactive's COO, Mattias Stetz, sold 110,000 shares of Class A Common Stock for approximately $2.1 million through a pre-arranged 10b5-1 trading plan.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), engaged in several transactions on January 2, 2026.
• He exchanged 50,000 Class A Common Stock Units of Rush Street Interactive, L.P. (RSI LP) for 50,000 shares of Class A Common Stock of the Issuer.
• Concurrently with the exchange, 50,000 shares of Class V Voting Stock held by the Reporting Person were canceled.
• A total of 110,000 shares of Class A Common Stock were sold at a price of $19.0871 per share.
• The sales included 50,000 shares held indirectly by a Trust, 40,000 shares held indirectly by a Spouse, and 20,000 shares held directly.
• All sales were executed pursuant to a Rule 10b5-1 trading plan.
• The total proceeds from these sales amounted to approximately $2,099,581.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a key executive, even under a pre-arranged plan, can be viewed with slight caution by investors, indicating a potentially neutral to slightly negative sentiment.

Positives

• The transactions were executed under a Rule 10b5-1 plan, indicating they were pre-scheduled and not a reaction to immediate, non-public information, which enhances transparency.

Negatives

• A significant sale of 110,000 shares by a Chief Operating Officer, even under a pre-arranged plan, could be interpreted by some investors as a signal of reduced confidence in the company's near-term growth prospects or valuation.

Future Outlook

NA

Industry Context

This filing details a routine insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• The transactions involve the Chief Operating Officer, his spouse, and a trust, all considered related parties to the reporting person.

Stakeholder Impact

• Shareholders may interpret the significant insider sale as a negative signal, potentially influencing their perception of the company's future performance and stock valuation.

Key Dates

Recommendation

The Chief Operating Officer's sale of a substantial number of shares, while executed under a pre-arranged 10b5-1 plan, could signal a lack of immediate upside confidence. However, the pre-planned nature mitigates the urgency of the signal, suggesting a 'hold' until further company-specific or industry-wide news emerges.

Keywords

Rush Street Interactive, RSI, Mattias Stetz, COO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Beneficial Ownership, Class A Common Stock, Class V Voting Stock