Form 4: Rush Street Interactive CFO Kyle Sauers Reports Tax-Related Stock Transaction
SEC Form 4 Filing
CFO of Rush Street Interactive, Kyle Sauers, reports the withholding of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On October 23, 2024, Kyle Sauers, the Chief Financial Officer of Rush Street Interactive, Inc. (RSI), reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 14,292 shares at a price of $10.93 per share.
- These shares were withheld by Rush Street Interactive to satisfy income tax obligations related to the vesting and net settlement of Sauers' previously disclosed restricted stock units.
- Following the transaction, Sauers directly owns 364,548 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction related to tax obligations, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Date of transaction: Shares withheld for tax obligations. |
| 10/25/2024 | Date of signature on the Form 4 filing. |
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