Form 4: Rush Street Interactive CIO Einar Roosileht Sells 70,000 Shares

Einar Roosileht, Chief Information Officer of Rush Street Interactive, sold 70,000 shares of Class A Common Stock on May 1, 2025, at a weighted average price of $11.5347 per share, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• On May 1, 2025, Einar Roosileht, the Chief Information Officer of Rush Street Interactive, sold 70,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $11.5347 per share.
• The transactions occurred within a price range of $11.175 to $12.47 per share.
• The sale was conducted under a pre-arranged 10b5-1 trading plan established on September 27, 2024.
• Following the transaction, Roosileht directly owns 876,150 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine insider transaction under a pre-existing plan. It doesn't inherently indicate positive or negative prospects for the company.

Industry Context

This filing is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large or coincides with other negative news.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Rush Street Interactive, RSI, Einar Roosileht, insider trading, Form 4, stock sale, 10b5-1 plan, Chief Information Officer