Form 4: Rush Street Interactive COO Sells $745K in Company Stock Under Pre-Arranged 10b5-1 Plan

Rush Street Interactive's Chief Operating Officer, Mattias Stetz, sold 50,000 shares of Class A Common Stock for approximately $745,145 in early July 2025, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (RSI), sold a total of 50,000 shares of Class A Common Stock.
• The sales occurred on July 1, 2025, and July 3, 2025.
• On July 1, 2025, 25,000 shares were sold at a weighted average price of $14.8058 per share, generating approximately $370,145 in proceeds.
• On July 3, 2025, an additional 25,000 shares were sold at a price of $15.00 per share, generating $375,000 in proceeds.
• The total proceeds from these sales amount to approximately $745,145.
• These transactions were executed under a Rule 10b5-1 trading plan dated August 16, 2024.
• Following these sales, Mattias Stetz directly beneficially owns 321,051 shares of Class A Common Stock.
• An additional 205,448 shares are indirectly beneficially owned by his spouse.

Sentiment

Score: 4

Explanation: Insider selling, even under a 10b5-1 plan, is generally viewed with slight caution as it reduces insider alignment, though the pre-arranged nature mitigates the negative signal compared to discretionary sales.

Positives

• The sales were conducted under a pre-arranged 10b5-1 plan, indicating the transactions were scheduled in advance and not based on immediate, non-public information, which provides transparency.

Negatives

• Chief Operating Officer Mattias Stetz reduced his direct beneficial ownership in Rush Street Interactive, Inc. by 50,000 shares.
• The sale represents a reduction in direct insider holdings, which can sometimes be perceived as a decrease in alignment with shareholder interests, although mitigated by the 10b5-1 plan.

Risks

• Potential for negative market perception due to insider selling, despite the existence of a 10b5-1 plan, as it reduces the insider's direct stake.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May perceive a slight negative signal due to reduced insider ownership, though the 10b5-1 plan provides transparency regarding the pre-scheduled nature of the sales.

Key Dates

Recommendation

Keywords

Rush Street Interactive, RSI, Mattias Stetz, insider trading, Form 4, stock sale, 10b5-1 plan, Chief Operating Officer, equity, beneficial ownership