Form 4: Rush Street Interactive COO Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Mattias Stetz, COO of Rush Street Interactive, sold shares of Class A Common Stock on January 14 and 15, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, Inc. (RSI), reported the sale of Class A Common Stock.
- The transactions occurred on January 14 and January 15, 2025.
- On January 14, 2025, 1,500 shares were sold at a price of $15 per share.
- On January 15, 2025, 13,500 shares were sold at a price of $15.16 per share.
- These sales were executed under a 10b5-1 trading plan established on August 16, 2024.
- Following these transactions, Mr. Stetz directly owns 586,089 shares of Class A Common Stock.
- His spouse indirectly owns 205,448 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by an executive under a pre-arranged plan. It is neutral in sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on inside information.
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 this concern.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of 10b5-1 Plan |
| 01/14/2025 | Date of first transaction: Sale of 1,500 shares at $15 |
| 01/15/2025 | Date of second transaction: Sale of 13,500 shares at $15.16 |
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