SCHEDULE: Vanguard Group Amends RSI Stake to Zero

The Vanguard Group has filed an amendment to its Schedule 13G, reporting 0% beneficial ownership in Rush Street Interactive Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 5 to its Schedule 13G for Rush Street Interactive Inc. common stock.
• The filing reports 0% beneficial ownership in Rush Street Interactive Inc. by The Vanguard Group.
• This change stems from an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• These subsidiaries and/or business divisions will continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative development for Rush Street Interactive Inc. due to the reported 0% beneficial ownership by The Vanguard Group, despite the explanation of internal realignment. It could signal a perceived reduction in institutional interest.

Positives

• The change in reported ownership is due to an internal realignment within Vanguard, not necessarily a complete divestment by all Vanguard-affiliated entities.
• Vanguard's subsidiaries will continue to pursue the same investment strategies, implying potential continued investment by the broader Vanguard family of funds.

Negatives

• The Vanguard Group, as the primary reporting entity, no longer holds beneficial ownership in Rush Street Interactive Inc., which could be perceived as a reduction in institutional interest from a major fund manager.

Future Outlook

NA

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release.
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes that institutional ownership changes, especially from major asset managers like Vanguard, are closely watched. While this filing indicates a technical change in reporting due to internal restructuring rather than a full divestment by all Vanguard-managed funds, it still removes The Vanguard Group as a direct beneficial owner of record. This could lead to questions about the overall institutional sentiment towards Rush Street Interactive Inc., even if the underlying investment strategies of Vanguard's subsidiaries remain unchanged.

Stakeholder Impact

• Shareholders: May perceive a decrease in institutional interest, potentially impacting stock price or investor confidence.
• Investment Professionals: Will need to track filings from Vanguard's disaggregated subsidiaries to understand the full scope of Vanguard's family holdings in Rush Street Interactive Inc.

Next Steps

• Investors will likely monitor future Schedule 13G filings from Vanguard's newly disaggregated subsidiaries to ascertain their individual beneficial ownership in Rush Street Interactive Inc.

Key Dates

Recommendation

While The Vanguard Group itself reports 0% beneficial ownership due to an internal realignment, the filing states that its subsidiaries will now report separately and pursue the same investment strategies. This suggests that the broader Vanguard family may still hold shares. Investors should hold and await further clarity from subsequent filings by Vanguard's subsidiaries to understand the true extent of their collective holdings before making a definitive buy or sell decision.

Keywords

Rush Street Interactive, RSI, Vanguard Group, Schedule 13G, beneficial ownership, institutional ownership, SEC filing, common stock, investment realignment