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

Mattias Stetz, COO of Rush Street Interactive, sold 24,467 shares of Class A Common Stock on May 1, 2025, at an average price of $11.5701, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• On May 1, 2025, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 24,467 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $11.5701 per share.
• The transaction was conducted under a pre-existing 10b5-1 trading plan established on August 16, 2024.
• Following the transaction, Stetz directly owns 396,584 shares of Class A Common Stock and indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Insider sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-scheduled. Investors often monitor insider transactions for signals about a company's prospects, but 10b5-1 sales are typically less informative.

Comparison to Industry Standards

• Comparing this transaction to similar filings from executives at DraftKings or Penn National Gaming would provide a better understanding of the scale and frequency of insider trading activity in the online gaming sector.
• For example, if DraftKings' executives frequently sell shares, this sale by the Rush Street Interactive COO might be viewed as normal.
• However, if Penn National Gaming's executives rarely sell, this sale might raise more questions.

Stakeholder Impact

• The sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although sales under 10b5-1 plans are usually anticipated.

Key Dates

Keywords

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