Form 4 for RSI Rush Street Interactive, Inc.
Accepted 2024-11-19 00:00:00 ET · period of report 2024-11-15 · accession 0001793659-24-000093 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-11-19 | 2024-11-15+ | RSI | SCHWARTZ RICHARD TODD | CEO, Dir | S - Sale | $11.10 | -193.9K | 1.70M | -10% | -$2.15M |
| DMI | 2024-11-19 | 2024-11-15 | RSI | SCHWARTZ RICHARD TODD | CEO, Dir | G - Gift | $0.00 | +2.34M | 1.17M | New | $0 |
| DM | 2024-11-19 | 2024-11-15 | RSI | SCHWARTZ RICHARD TODD | CEO, Dir | G - Gift | $0.00 | -2.34M | 7.10M | -25% | $0 |
| DM | 2024-11-19 | 2024-11-15 | RSI | SCHWARTZ RICHARD TODD | CEO, Dir | G - Gift | $0.00 | -2.34M | 5.93M | -28% | $0 |
| DMI | 2024-11-19 | 2024-11-15 | RSI | SCHWARTZ RICHARD TODD | CEO, Dir | G - Gift | $0.00 | +2.34M | 1.17M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-11-18 | S | D | 90,000 | $11.20 | 1,613,578 | D | — | — | (F6) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.164 to $11.3 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Class V Voting Stock | 2024-11-15 | G | A | 1,168,014 | $0.00 | 1,168,014 | I | — | — | |
| 3 | Common | Class V Voting Stock | 2024-11-15 | G | D | 1,168,014 | $0.00 | 5,933,922 | D | — | — | |
| 4 | Common | Class V Voting Stock | 2024-11-15 | G | D | 1,168,014 | $0.00 | 7,101,936 | D By Trust | — | — | (F5) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. |
| 5 | Common | Class A Common Stock | 2024-11-15 | S | D | 103,905 | $11.02 | 1,703,578 | D By Spouse | — | — | (F2) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $10.74 to $11.39 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F5) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. |
| 6 | Common | Class V Voting Stock | 2024-11-15 | G | A | 1,168,014 | $0.00 | 1,168,014 | I | — | — | |
| 7 | Derivative | Class A Common Units of Rush Street Interactive, L.P. | 2024-11-15 | G | D | 1,168,014 | $0.00 | 7,101,936 | D By Spouse | — · — to — | 1,168,014 Class A Common Stock | (F5) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. (F7) Pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("RSI Units") beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled. |
| 8 | Derivative | Class A Common Units of Rush Street Interactive, L.P. | 2024-11-15 | G | D | 1,168,014 | $0.00 | 5,933,922 | D By Trust | — · — to — | 1,168,014 Class A Common Stock | (F5) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose. (F7) Pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("RSI Units") beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled. |
| 9 | Derivative | Class A Common Units of Rush Street Interactive, L.P. | 2024-11-15 | G | A | 1,168,014 | $0.00 | 1,168,014 | I | — · — to — | 1,168,014 Class A Common Stock | (F7) Pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("RSI Units") beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled. |
| 10 | Derivative | Class A Common Units of Rush Street Interactive, L.P. | 2024-11-15 | G | A | 1,168,014 | $0.00 | 1,168,014 | I | — · — to — | 1,168,014 Class A Common Stock | (F7) Pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("RSI Units") beneficially owned by the reporting person may be exchanged, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled. |