Form 4: Rush Street Interactive COO Mattias Stetz Transfers 1 Million Shares to Family Trust for Estate Planning

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, has reported the gifting of 1,000,000 shares of Class V Voting Stock and 1,000,000 Class A Common Units to an irrevocable trust for his children as part of estate planning.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), reported a change in beneficial ownership via a Form 4 filing.
• On May 21, 2025, Mr. Stetz gifted 1,000,000 shares of Class V Voting Stock of the Issuer to an irrevocable trust for the benefit of his children.
• Concurrently, 1,000,000 Class A Common Units of Rush Street Interactive, L.P. (RSI LP), which are exchangeable for Class A Common Stock of the Issuer, were also gifted to the same irrevocable trust.
• The transactions were conducted for estate planning purposes, with the Reporting Person's spouse serving as the trustee of the irrevocable trust.
• Following these transactions, Mr. Stetz directly beneficially owns 1,964,157 shares of Class V Voting Stock and 1,964,157 Class A Common Units.
• The irrevocable trust now indirectly beneficially owns 1,000,000 shares of Class V Voting Stock and 1,000,000 Class A Common Units.
• The reported price for these gifted securities was $0.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for estate planning purposes, which is neutral in terms of its direct impact on the company's operational or financial performance. It reflects personal financial management rather than a corporate event.

Positives

• The transaction reflects proactive estate planning by a key executive, which can be viewed as a sign of long-term personal financial stability and foresight.
• The transfer of shares to a trust ensures continuity of ownership within the family, potentially aligning long-term interests with the company's success.

Negatives

• No direct negative implications for the company's operations or financial performance are indicated by this insider transaction.

Risks

• No new risks to the company are identified or introduced by this specific insider transaction.

Future Outlook

This Form 4 filing pertains to an insider's personal estate planning and does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• The Reporting Person gifted shares of Class V Voting Stock and Class A Common Units for estate planning purposes to an irrevocable trust for the benefit of the Reporting Person's children, with the Reporting Person's spouse as the trustee.

Industry Context

This transaction is a routine insider filing related to personal financial planning and does not reflect broader industry trends or competitive dynamics within the online gaming or interactive entertainment sector. Such transfers are common among executives for estate management.

Comparison to Industry Standards

• This type of insider transaction (gifting shares to a family trust for estate planning) is a standard practice among high-net-worth individuals and corporate executives across various industries, including technology and gaming. It is not indicative of company performance or a deviation from typical executive financial management strategies.

Related Party Transactions

• The gifting of shares and units to an irrevocable trust for the benefit of the Reporting Person's children, with the spouse as trustee, constitutes a related party transaction for estate planning purposes.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's an internal transfer of ownership for estate planning, not a sale into the open market.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders as the transaction is related to an executive's personal asset management.

Next Steps

• No specific future actions or milestones for the company are mentioned in this Form 4 filing.

Key Dates

Keywords

Rush Street Interactive, RSI, Form 4, Insider Transaction, Stock Gift, Estate Planning, Mattias Stetz, Chief Operating Officer, Beneficial Ownership