Form 4: Rush Street Interactive CEO Richard Schwartz Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Richard Todd Schwartz, CEO of Rush Street Interactive, sold 193,905 shares of Class A Common Stock on April 8, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Richard Todd Schwartz, the CEO of Rush Street Interactive, sold 193,905 shares of Class A Common Stock on April 8, 2025.
- The sale was executed under a pre-arranged 10b5-1 trading plan established on August 16, 2024.
- The shares were sold at a weighted average price of $10.6346, with individual transactions ranging from $10.25 to $11.15 per share.
- Following the transaction, Schwartz directly owns 1,599,186 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a pre-planned sale of shares by the CEO under a 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| August 16, 2024 | Date of 10b5-1 Plan |
| 04/08/2025 | Date of transaction (share sale) |
| 04/10/2025 | Date of signature |
Keywords
Rush Street Interactive, RSI, Richard Todd Schwartz, CEO, Form 4, Share Sale, 10b5-1 Plan, Class A Common Stock, Beneficial Ownership
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