Form 4: Rush Street Interactive CEO Sells Shares
Insider Transaction (Form 4)
Richard Todd Schwartz, Chief Executive Officer and a Director of Rush Street Interactive, Inc., sold 158,332 shares of common stock on September 1, 2026 for $25.69 per share.
Summary
- Conversion of derivative: acquired 47,222 Class A Common Stock on September 1, 2026; holds 421,258 after (Direct).
- Disposition to the issuer: disposed of 47,222 Class V Voting Stock on September 1, 2026; holds 5,089,997 after (Direct).
- Conversion of derivative: acquired 55,555 Class A Common Stock on September 1, 2026; holds 55,555 after (Indirect).
- Disposition to the issuer: disposed of 55,555 Class V Voting Stock on September 1, 2026; holds 426,429 after (Indirect).
- Conversion of derivative: acquired 55,555 Class A Common Stock on September 1, 2026; holds 55,555 after (Indirect).
- Disposition to the issuer: disposed of 55,555 Class V Voting Stock on September 1, 2026; holds 426,429 after (Indirect).
- Open-market sale: disposed of 47,222 Class A Common Stock at $25.69 ($1,213,199) on September 1, 2026; holds 374,036 after (Direct).
- Open-market sale: disposed of 55,555 Class A Common Stock at $25.69 ($1,427,286) on September 1, 2026 (Indirect).
- Open-market sale: disposed of 55,555 Class A Common Stock at $25.69 ($1,427,286) on September 1, 2026 (Indirect).
- Conversion of derivative: disposed of 47,222 Class A Common Units of Rush Street Interactive, L.P. on September 1, 2026; holds 5,089,997 after (Direct).
- Conversion of derivative: disposed of 55,555 Class A Common Units of Rush Street Interactive, L.P. on September 1, 2026; holds 426,429 after (Indirect).
- Conversion of derivative: disposed of 55,555 Class A Common Units of Rush Street Interactive, L.P. on September 1, 2026; holds 426,429 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $4,067,771 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Richard Todd Schwartz — Director, Officer (Chief Executive Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-01 | Conversion of derivative | Class A Common Stock | 47,222 | — | — | 421,258 |
| 2026-09-01 | Disposition to the issuer | Class V Voting Stock | 47,222 | — | — | 5,089,997 |
| 2026-09-01 | Conversion of derivative | Class A Common Stock | 55,555 | — | — | 55,555 |
| 2026-09-01 | Disposition to the issuer | Class V Voting Stock | 55,555 | — | — | 426,429 |
| 2026-09-01 | Conversion of derivative | Class A Common Stock | 55,555 | — | — | 55,555 |
| 2026-09-01 | Disposition to the issuer | Class V Voting Stock | 55,555 | — | — | 426,429 |
| 2026-09-01 | Open-market sale | Class A Common Stock | 47,222 | $26 | $1.2M | 374,036 |
| 2026-09-01 | Open-market sale | Class A Common Stock | 55,555 | $26 | $1.4M | 0 |
| 2026-09-01 | Open-market sale | Class A Common Stock | 55,555 | $26 | $1.4M | 0 |
| 2026-09-01 | Conversion of derivative | Class A Common Units of Rush Street Interactive, L.P. | 47,222 | — | — | 5,089,997 |
| 2026-09-01 | Conversion of derivative | Class A Common Units of Rush Street Interactive, L.P. | 55,555 | — | — | 426,429 |
| 2026-09-01 | Conversion of derivative | Class A Common Units of Rush Street Interactive, L.P. | 55,555 | — | — | 426,429 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-01 | Conversion of derivative (47,222 shares) |
| 2026-09-01 | Disposition to the issuer (47,222 shares) |
| 2026-09-01 | Conversion of derivative (55,555 shares) |
| 2026-09-01 | Disposition to the issuer (55,555 shares) |
| 2026-09-01 | Conversion of derivative (55,555 shares) |
| 2026-09-01 | Disposition to the issuer (55,555 shares) |
| 2026-09-01 | Open-market sale (47,222 shares) |
| 2026-09-01 | Open-market sale (55,555 shares) |
| 2026-09-01 | Open-market sale (55,555 shares) |
| 2026-09-01 | Conversion of derivative (47,222 shares) |
| 2026-09-01 | Conversion of derivative (55,555 shares) |
| 2026-09-01 | Conversion of derivative (55,555 shares) |
Keywords
insider transaction, Form 4, RSI, Rush Street Interactive, Inc., bearish, Richard Todd Schwartz
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