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

Mattias Stetz, COO of Rush Street Interactive, sold 533 shares of Class A Common Stock at an average price of $12.0075 per share on May 8, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 8, 2025, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, sold 533 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $12.0075 per share, with individual transactions ranging from $12.00 to $12.01.
• The transaction was conducted under a 10b5-1 trading plan established on August 16, 2024.
• Following the transaction, Mr. Stetz directly owns 396,051 shares of Class A Common Stock and indirectly owns 205,448 shares through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged plan and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned, especially under 10b5-1 plans. The market typically views these sales in the context of the overall financial health and future prospects of the company.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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