Form 4: Rush Street Interactive COO Sells 5,000 Shares Under 10b5-1 Plan

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, sold 5,000 shares of Class A Common Stock at an average price of $12.0001 per share.

Summary

• Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 5,000 shares of Class A Common Stock on November 20, 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 $12.0001 per share.
• The sale was executed in multiple transactions with prices ranging from $12 to $12.015 per share.
• Following the transaction, Mattias Stetz beneficially owns 575,484 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a pre-planned stock sale by an executive. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies, such as DraftKings (DKNG) and Penn Entertainment (PENN), to manage their stock sales.
• The sale of 5,000 shares is a relatively small transaction compared to the overall holdings of the executive and is not unusual.
• Similar filings are regularly made by executives at other companies in the online gaming and entertainment industry.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates any significant concerns.

Key Dates

Keywords

Rush Street Interactive, RSI, Mattias Stetz, insider trading, Form 4, 10b5-1 plan, stock sale, Class A Common Stock