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

Mattias Stetz, COO of Rush Street Interactive, sold 1,223 shares of Class A Common Stock at $12 per share on April 9, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 9, 2025, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, Inc. (RSI), sold 1,223 shares of Class A Common Stock.
• The sale was executed at a price of $12 per share.
• This transaction was conducted under a pre-existing 10b5-1 trading plan established on August 16, 2024.
• Following the transaction, Mr. Stetz directly owns 424,828 shares of Class A Common Stock.
• Additionally, Mr. Stetz indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large or coincides with other negative news.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Rush Street Interactive, RSI, Mattias Stetz, Chief Operating Officer, Class A Common Stock, 10b5-1 Plan, SEC Form 4, Insider Trading