Form 4: Rush Street Interactive CEO Richard Schwartz Reports Changes in Beneficial Ownership

Richard Todd Schwartz, CEO of Rush Street Interactive, reports a transaction involving Class V Voting Stock and Class A Common Units for estate planning purposes.

Summary

• On March 28, 2025, Richard Todd Schwartz, the CEO of Rush Street Interactive, reported changes in his beneficial ownership of the company's securities.
• The transactions involved Class V Voting Stock and Class A Common Units of Rush Street Interactive, L.P.
• Schwartz's spouse gifted shares of Class V Voting Stock and RSI Units to an irrevocable trust for the benefit of Schwartz and his children, with Schwartz as the trustee.
• The gifted amount was 1,168,014 shares of Class V Voting Stock.
• The gifted amount was 1,168,014 RSI Units.
• Schwartz disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
• As of the report, Schwartz directly owns 5,740,017 shares of Class V Voting Stock and 5,740,017 Class A Common Units.
• He indirectly owns 1,168,014 shares of Class V Voting Stock and 1,168,014 Class A Common Units through an irrevocable trust and his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding changes in beneficial ownership, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions are primarily for estate planning purposes and are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

beneficial ownership, Form 4, Rush Street Interactive, RSI, Richard Schwartz, Class V Voting Stock, Class A Common Units, estate planning, irrevocable trust, securities