Form 4: Rush Street Interactive CEO Richard Schwartz Sells Shares Under 10b5-1 Plan

Richard Todd Schwartz, CEO of Rush Street Interactive, sold shares of Class A Common Stock on February 10 and 11, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Richard Todd Schwartz, the CEO of Rush Street Interactive, sold shares of Class A Common Stock on February 10 and 11, 2025.
• The sales were executed under a 10b5-1 trading plan established on August 16, 2024.
• On February 10, 2025, 133,905 shares were sold at a weighted average price of $14.2237, with individual prices ranging from $13.775 to $14.52 per share.
• On February 11, 2025, 60,000 shares were sold at a weighted average price of $14.5603, with individual prices ranging from $14.28 to $14.625 per share.
• Following these transactions, Schwartz directly owns 2,191,943 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative news about the company's performance.

Industry Context

Insider selling can be interpreted in various ways by the market. It's important to consider the context of the 10b5-1 plan, which allows insiders to sell shares over a predetermined period to avoid accusations of trading on non-public information. The market will likely assess the impact of these sales in light of RSI's overall performance and future prospects.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal, as the stock sales do not directly affect the company's operations.

Key Dates

Keywords

Rush Street Interactive, RSI, Richard Schwartz, CEO, stock sale, Form 4, 10b5-1 plan, insider trading