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

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

Summary

• Richard Todd Schwartz, CEO of Rush Street Interactive, sold shares of Class A Common Stock on March 10 and March 11, 2025.
• The sales were executed under a 10b5-1 trading plan established on August 16, 2024.
• On March 10, 2025, 109,567 shares were sold at a weighted average price of $9.8532, with individual prices ranging from $9.55 to $10.06.
• On March 11, 2025, 84,338 shares were sold at a weighted average price of $10.2584, with individual prices ranging from $9.71 to $10.375.
• Following these transactions, Schwartz directly owns 1,998,038 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The document simply reports the sale of shares under a pre-arranged plan, which doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 conjunction with the company'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 share sales do not directly affect the company's operations.

Key Dates