Kyle Sauers - Mar 14, 2025 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Role
Chief Financial Officer
Signature
/s/ Kyle Sauers
Stock symbol
RSI
Transactions as of
Mar 14, 2025
Transactions value $
-$702,016
Form type
4
Date filed
3/18/2025, 06:45 PM
Previous filing
Jan 15, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSI Class A Common Stock Award $0 +48.8K +10.01% $0.00 536K Mar 14, 2025 Direct F1
transaction RSI Class A Common Stock Tax liability -$398K -37.2K -6.95% $10.70 499K Mar 17, 2025 Direct F2
transaction RSI Class A Common Stock Sale -$304K -28.4K -5.69% $10.70 470K Mar 18, 2025 Direct F3
holding RSI Class A Common Stock 4K Mar 14, 2025 By Children

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RSI Stock Option (Right to Buy) Award $0 +66.2K $0.00 66.2K Mar 14, 2025 Class A Common Stock 66.2K $10.70 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On March 14, 2025, the Reporting Person was awarded 48,781 restricted stock units (the "RSUs") under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan"). The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.
F2 Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's previously disclosed RSUs and does not represent a sale by the Reporting Person.
F3 Shares were sold pursuant to a 10b5-1 Plan dated August 8, 2024.
F4 On March 14, 2025, the Reporting Person was awarded 66,150 stock options of the Issuer (the "Stock Options") under the Plan. The Stock Options vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.