SCHEDULE: Rush Street Interactive Stakeholder Filing Update

Divisadero Street Capital Management, LP and affiliated entities have amended their Schedule 13G filing, reporting a combined beneficial ownership of 6.2% of Rush Street Interactive's Class A common stock as of March 31, 2026.

Summary

• This filing is an amendment to Schedule 13G, dated May 15, 2026, concerning the Class A common stock of Rush Street Interactive, Inc.
• Multiple entities, including Divisadero Street Capital Management, LP, William Zolezzi, Divisadero Street Partners, L.P., Divisadero Street Partners GP, LLC, and Divisadero Street Capital, LLC, are reporting their beneficial ownership.
• The reporting date for the event requiring this filing is March 31, 2026.
• Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each report beneficial ownership of 6,416,679 shares, representing 6.2% of the class.
• Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC each report beneficial ownership of 5,562,044 shares, representing 5.4% of the class.
• The total reported beneficial ownership across these entities is not explicitly summed but individually accounts for significant stakes.
• Divisadero Street Capital Management, LP is identified as the entity for which William Zolezzi and Divisadero Street Capital, LLC may be considered control persons.
• All reported securities are directly owned by advisory clients of Divisadero Street Capital Management, LP, with no single advisory client (other than Divisadero Street Partners, L.P.) deemed to beneficially own more than 5% of the Class A common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of ownership and does not provide new operational or financial information about the company itself.

Positives

• The filing clarifies the ownership structure and beneficial interest in Rush Street Interactive's Class A common stock by Divisadero Street Capital Management, LP and its affiliates.
• The disclosure provides transparency regarding significant holdings, which can be valuable for market participants.
• The reporting entities are acting in accordance with SEC regulations for beneficial ownership disclosure.

Negatives

• The filing does not contain financial performance data or operational updates for Rush Street Interactive, limiting insights into the company's business health.
• The information is purely a disclosure of share ownership and does not offer commentary on the company's strategic direction or market position.

Risks

• Potential for increased scrutiny or regulatory action if ownership thresholds are breached without proper disclosure.
• Concentration of ownership among a few entities could influence corporate governance decisions, though this filing states no intent to influence control.

Future Outlook

No forward-looking statements or guidance related to Rush Street Interactive's business performance are present in this filing. The filing solely pertains to ownership disclosure.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and significant shareholders. This amendment indicates a change or confirmation in beneficial ownership levels for Divisadero Street Capital Management and its affiliates concerning Rush Street Interactive, a company operating in the competitive online gaming and sports betting sector.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership stakes can influence investor confidence and market perception.
• Management and Board of Directors: Awareness of substantial beneficial ownership can inform strategic discussions and corporate governance considerations.

Next Steps

• Continue to monitor future Schedule 13G filings from Divisadero Street Capital Management, LP and its affiliates for any further changes in beneficial ownership.
• Observe any potential strategic actions by Divisadero Street Capital Management, LP related to their stake in Rush Street Interactive.

Key Dates

Keywords

Schedule 13G, Amendment, Beneficial Ownership, Rush Street Interactive, Class A Common Stock, Divisadero Street Capital Management, William Zolezzi, SEC Filing, Securities Exchange Act