Form 4: RSI COO Sells Shares After Unit Conversion

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, reported the conversion of partnership units into Class A Common Stock followed by multiple sales under a 10b5-1 plan.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), converted 50,000 Class A Common Stock Units of Rush Street Interactive, L.P. into 50,000 shares of RSI Class A Common Stock on March 2, 2026.
• An equivalent number of Class V Voting Stock were simultaneously canceled as part of the conversion.
• Stetz subsequently sold a total of 101,307 shares of Class A Common Stock across three days (March 2-4, 2026) through direct, trust, and spouse accounts.
• All sales were executed pursuant to a Rule 10b5-1 trading plan.
• The sales occurred at weighted average prices ranging from $19.8785 to $20.22 per share.
• Following these transactions, Stetz directly holds 249,624 Class A Common Stock and indirectly holds 145,448 Class A Common Stock via his spouse.
• Stetz also indirectly holds 900,000 Class A Common Units of Rush Street Interactive, L.P., which are convertible into Class A Common Stock, and 900,000 Class V Voting Stock by Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Insider sales under a 10b5-1 plan are routine for executives managing personal finances and do not typically signal a change in company fundamentals or outlook.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a Rule 10b5-1 plan, are a common occurrence in the gaming and online betting industry as executives manage their personal portfolios and liquidity. These pre-arranged plans help insiders avoid accusations of trading on material non-public information.

Related Party Transactions

• Sales of Class A Common Stock were made indirectly through a trust and by the reporting person's spouse, which are considered related party transactions for reporting purposes.

Stakeholder Impact

• Shareholders may observe a slight increase in the public float of Class A Common Stock due to these sales, though the volume is relatively small compared to the total outstanding shares.
• The transactions do not indicate any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-arranged 10b5-1 plan. They do not reflect new information about Rush Street Interactive's operational performance or future prospects. Therefore, the filing itself does not provide a basis for a change in investment recommendation, suggesting a 'hold' position for existing investors.

Keywords

Rush Street Interactive, RSI, Mattias Stetz, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Class A Common Stock, Chief Operating Officer, Equity Conversion