Form 4: Rush Street Interactive CFO Kyle Sauers Reports Stock Transactions
SEC Form 4 Filing
Kyle Sauers, CFO of Rush Street Interactive, reports the acquisition and disposal of Class A Common Stock related to the vesting of Performance Stock Units and covering tax obligations.
Summary
- On April 19, 2024, Kyle Sauers, the CFO of Rush Street Interactive, reported transactions involving Class A Common Stock.
- He acquired 29,221 shares upon the vesting and settlement of Performance Stock Units (PSUs) granted on April 9, 2021.
- Simultaneously, he sold 15,983 shares at a weighted average price of $6.1144 to cover tax withholding obligations.
- Following these transactions, Sauers beneficially owns 550,174 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock sales.
Key Dates
| Date | Description |
|---|---|
| 04/09/2021 | Date Performance Stock Units (PSUs) were originally granted to the Reporting Person |
| 04/19/2024 | Date of stock acquisition and disposal transactions |
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