Form 4: RSI COO Sells Shares Under 10b5-1 Plan

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, sold 30,000 Class A Common Stock shares under a pre-arranged 10b5-1 plan.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), reported changes in his beneficial ownership of Class A Common Stock.
• On September 29, 2025, 6,245 shares were withheld by the Issuer at a price of $21.72 to cover income tax obligations related to the vesting and net settlement of restricted stock units. This was not a sale by Mr. Stetz.
• On October 1, 2025, Mr. Stetz sold 30,000 shares of Class A Common Stock at a weighted average price of $20.1019 per share, with individual transaction prices ranging from $19.495 to $20.37.
• These sales were executed pursuant to a pre-arranged 10b5-1 trading plan established on August 16, 2024.
• Following these transactions, Mr. Stetz directly owns 224,806 shares and indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled sale of shares by a key executive under a 10b5-1 plan. This type of transaction is generally considered neutral, as it reflects personal financial planning rather than a direct signal about the company's immediate prospects or a reaction to market conditions.

Positives

• The sale was conducted under a pre-arranged 10b5-1 plan, indicating a planned transaction rather than an immediate reaction to market conditions, which can reduce concerns about executive sentiment.

Negatives

• A key executive sold a significant number of shares (30,000), which some investors might interpret as a lack of confidence, despite the pre-arranged nature of the sale.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• Mattias Stetz indirectly beneficially owns 205,448 shares of Class A Common Stock through his spouse.

Stakeholder Impact

• Shareholders: The transparency of executive stock transactions, particularly those under a 10b5-1 plan, provides insight into management's long-term financial planning without necessarily signaling a change in company outlook.

Key Dates

Recommendation

The filing details a routine, pre-scheduled sale of shares by a Chief Operating Officer under a 10b5-1 plan. This type of transaction is generally not considered a strong indicator of future company performance or a reason to alter an investment thesis. Investors should consider this a transparency disclosure rather than a signal for immediate action, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Rush Street Interactive, RSI, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Mattias Stetz, Chief Operating Officer