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

Mattias Stetz, COO of Rush Street Interactive, sold 25,000 shares of Class A Common Stock at an average price of $11.733 per share on March 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 3, 2025, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 25,000 shares of Class A Common Stock.
• The sale was executed under a 10b5-1 plan established on August 16, 2024.
• The shares were sold at a weighted average price of $11.733.
• The price range for individual transactions varied from $11.666 to $12.00 per share.
• Following the transaction, Mr. Stetz directly owns 531,089 shares of Class A Common Stock and indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by an executive. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates