Form 4: Rush Street Interactive Director Sells Over 575,000 Shares Under Pre-Arranged Trading Plan

Niccolo de Masi, a Director at Rush Street Interactive, Inc., has reported the sale of 575,722 shares of Class A Common Stock across three transactions in mid-June 2025, executed under a pre-established 10b5-1 trading plan.

Summary

• Niccolo de Masi, a Director of Rush Street Interactive, Inc. (RSI), reported the sale of a total of 575,722 shares of Class A Common Stock through three separate transactions.
• On June 13, 2025, Mr. de Masi sold 171,023 shares at a weighted average price of $13.3715 per share, with prices ranging from $13.20 to $13.725. Following this transaction, his indirect beneficial ownership was 1,613,352 shares.
• On June 16, 2025, an additional 180,362 shares were sold at a weighted average price of $13.6978 per share, with prices ranging from $13.42 to $13.79. This reduced his indirect beneficial ownership to 1,432,990 shares.
• The final reported sale occurred on June 17, 2025, involving 224,337 shares at a weighted average price of $13.9248 per share, with prices ranging from $13.63 to $14.16. After this sale, his indirect beneficial ownership stood at 1,208,653 shares.
• All reported sales were executed pursuant to a Rule 10b5-1 trading plan established on March 14, 2025.
• Mr. de Masi also holds 15,203 shares directly. The indirect shares are held by Isalea Investments LP, where Mr. de Masi is the Managing Member, though he disclaims beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The sales by a director are significant in volume but were executed under a pre-arranged 10b5-1 plan, which typically mitigates concerns about negative insider sentiment, making the overall impact neutral.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which indicates that the transactions were scheduled in advance and not based on new, non-public information, thereby mitigating concerns about negative insider sentiment.

Negatives

• A significant volume of shares (575,722) was sold by a director, which, despite being pre-planned, represents a reduction in insider ownership and could be perceived negatively by some market participants.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the reduction in a director's indirect stake, though the pre-planned nature of the sales lessens the potential for negative interpretation regarding the company's future prospects.

Key Dates

Keywords

Rush Street Interactive, RSI, Niccolo de Masi, SEC Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, Beneficial Ownership, Class A Common Stock