Form 4: Rush Street Interactive COO Sells 25,000 Shares Under 10b5-1 Plan

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, sold 25,000 shares of Class A Common Stock at an average price of $14.504 per share.

Summary

• Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 25,000 shares of Class A Common Stock on December 2, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan established on August 16, 2024.
• The shares were sold at a weighted average price of $14.504 per share, with individual transaction prices ranging from $14.29 to $14.8068.
• Following the transaction, Mr. Stetz beneficially owns 550,484 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, indicating a neutral sentiment. There is no indication of positive or negative news.

Industry Context

This is a routine transaction for an executive under a pre-arranged trading plan, and is not unusual in the context of publicly traded companies.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common practice in publicly traded companies like Rush Street Interactive.
• These plans allow insiders to sell shares without being accused of trading on non-public information.
• The sale by Mattias Stetz is similar to transactions seen at other companies such as DraftKings or Penn National Gaming, where executives periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by a company executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial health.

Key Dates

Keywords

Rush Street Interactive, RSI, Mattias Stetz, insider trading, 10b5-1 plan, share sale, Class A Common Stock, COO