Form 4: Rush Street Interactive COO Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Mattias Stetz, COO of Rush Street Interactive, disposed of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On March 26, 2025, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, disposed of 88,600 shares of Class A Common Stock to satisfy income tax withholding obligations.
- The shares were withheld by the issuer at a price of $11.22 per share.
- Following the transaction, Stetz directly owns 446,051 shares of Class A Common Stock and indirectly owns 205,448 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common reason for such filings.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/26/2025 | Date of transaction: Disposal of shares to cover income tax obligations. |
| 03/28/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Rush Street Interactive, RSI, Mattias Stetz, Chief Operating Officer, Stock Disposal, Tax Withholding, Class A Common Stock, Beneficial Ownership
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