Form 4: Rush Street Interactive COO Sells Shares to Cover Tax Obligations

Mattias Stetz, COO of Rush Street Interactive, sold 88,431 shares of Class A Common Stock on March 27, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 27, 2024, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 88,431 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of previously disclosed restricted stock units.
• The shares were sold at a weighted average price of $6.4225, with individual transactions ranging from $6.25 to $6.59 per share.
• Following the transaction, Stetz directly owns 603,614 shares of Rush Street Interactive.
• The sale was conducted pursuant to a prior irrevocable election by the Reporting Person and does not represent a discretionary trade.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the trading activities of company executives.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates