Form 4: Rush Street Interactive Director James Alan Gordon Awarded Restricted Stock Units

Director James Alan Gordon received 24,415 restricted stock units in Rush Street Interactive, Inc.

Summary

• On March 15, 2024, James Alan Gordon, a director of Rush Street Interactive, Inc., was granted 24,415 restricted stock units (RSUs) under the company's 2020 Omnibus Equity Incentive Plan.
• These RSUs are scheduled to vest at the company's next annual meeting of stockholders in 2025.
• Following this transaction, Gordon directly owns 100,671 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The awarding of RSUs is a common practice and generally viewed as a positive sign of aligning management interests with shareholders.

Positives

• The awarding of RSUs to a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the company's long-term success.

Future Outlook

The RSUs will vest at the company's next annual meeting of stockholders in 2025.

Industry Context

This is a standard practice for publicly traded companies to incentivize and retain key personnel, such as directors, through equity-based compensation.

Stakeholder Impact

• Shareholders may view the awarding of RSUs as a positive sign, aligning the director's interests with their own.
• The director benefits from the potential increase in the value of the company's stock.

Next Steps

• The RSUs will vest at the company's next annual meeting of stockholders in 2025.

Key Dates