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

Mattias Stetz, Chief Operating Officer of Rush Street Interactive, sold shares of Class A Common Stock on January 2nd and 3rd, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold shares of Class A Common Stock on January 2nd and 3rd, 2025.
• The sales were executed under a 10b5-1 trading plan established on August 16, 2024.
• On January 2nd, 17,542 shares were sold at a weighted average price of $14.0429, with individual prices ranging from $13.475 to $14.67 per share.
• On January 3rd, 7,458 shares were sold at a weighted average price of $13.9943, with individual prices ranging from $13.88 to $14.005 per share.
• Following these transactions, Mr. Stetz directly owns 525,484 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Risks

• Executive stock sales can sometimes be perceived negatively by investors, potentially impacting stock price, although sales under a 10b5-1 plan are generally viewed as less concerning.

Industry Context

Insider sales are a common occurrence in publicly traded companies. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, although the 10b5-1 plan mitigates concerns about insider information.

Key Dates