Form 4: Rush Street Interactive COO Mattias Stetz Sells Shares Under 10b5-1 Plan

Mattias Stetz, COO of Rush Street Interactive, sold 30,000 shares of Class A Common Stock on February 3rd and 4th, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, Inc. (RSI), sold shares of Class A Common Stock on February 3, 2025, and February 4, 2025.
• On February 3, 2025, he sold 25,000 shares at a weighted average price of $14.4028 per share.
• These shares were sold in multiple transactions with prices ranging from $13.94 to $14.68 per share.
• On February 4, 2025, he sold 5,000 shares at a weighted average price of $15.0085 per share.
• These shares were sold in multiple transactions with prices ranging from $15.00 to $15.05 per share.
• The sales were executed under a 10b5-1 plan established on August 16, 2024.
• Following these transactions, Mr. Stetz directly owns 556,089 shares of Class A Common Stock and indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that the sales were executed under a 10b5-1 plan suggests they were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Rush Street Interactive, RSI, Mattias Stetz, Chief Operating Officer, Stock Sale, 10b5-1 Plan, Insider Trading