Form 4: Rush Street Interactive CIO Sells Shares Following Unit Exchange

Rush Street Interactive's Chief Information Officer, Einar Roosileht, sold 70,000 shares of Class A Common Stock for a weighted average price of $14.768 per share on July 1, 2025, following an exchange of partnership units.

Summary

• Einar Roosileht, Chief Information Officer of Rush Street Interactive, Inc. (RSI), executed a series of transactions on July 1, 2025.
• He exchanged 70,000 Class A Common Stock Units of Rush Street Interactive, L.P. (RSI Units) for 70,000 shares of RSI Class A Common Stock, as per the Amended and Restated Limited Partnership Agreement of RSI LP.
• Concurrently with the exchange, 70,000 shares of Class V Voting Stock, which carry no economic rights, were canceled.
• Immediately following the exchange, 70,000 shares of Class A Common Stock were sold at a weighted average price of $14.768 per share. The sales occurred in multiple transactions with prices ranging from $14.453 to $14.947 per share.
• The sale was conducted pursuant to a pre-arranged 10b5-1 trading plan, which was established on September 27, 2024.
• After these reported transactions, Einar Roosileht beneficially owns 876,150 shares of Class A Common Stock and 2,324,157 Class A Common Units of Rush Street Interactive, L.P.

Sentiment

Score: 4

Explanation: The sale of shares by a C-suite executive, even if pre-scheduled, typically leads to a slightly negative sentiment as it reduces insider alignment and can be interpreted as a lack of strong conviction in significant future stock appreciation.

Negatives

• A key executive, the Chief Information Officer, sold a significant block of 70,000 shares of Class A Common Stock, which can be perceived as a negative signal by the market.

Future Outlook

No specific future outlook or guidance is provided in this document.

Industry Context

This document details an individual insider stock transaction, which does not directly reflect broader industry trends. However, insider selling can sometimes be interpreted by the market as an executive's view on the company's valuation or future prospects within its industry.

Stakeholder Impact

• Shareholders: The sale by a key executive may lead to negative sentiment and potential downward pressure on the stock price, as it could be interpreted as a lack of confidence in the company's future performance.

Key Dates

Recommendation

Keywords

Rush Street Interactive, RSI, Form 4, Insider Trading, Stock Sale, Einar Roosileht, Chief Information Officer, 10b5-1 Plan, Equity Transaction, Class A Common Stock, Class V Voting Stock, RSI Units