Form 4: Rush Street Interactive CFO Kyle Sauers Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kyle Sauers, CFO of Rush Street Interactive, reports the disposal of 19,725 shares of Class A Common Stock to cover income tax obligations related to vesting restricted stock units.
Summary
- On September 27, 2024, Kyle Sauers, the Chief Financial Officer of Rush Street Interactive, Inc. (RSI), reported a transaction involving Class A Common Stock.
- Sauers disposed of 19,725 shares at a price of $10.74 per share.
- This disposal was to satisfy income tax withholding and remittance obligations related to the vesting and net settlement of previously disclosed restricted stock units.
- Following the transaction, Sauers directly owns 378,840 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, engage in transactions involving the company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of the stock disposal transaction. |
| 09/30/2024 | Date of signature on the Form 4 filing. |
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