Form 4 for RSI Rush Street Interactive, Inc.
Accepted 2024-12-31 00:00:00 ET · period of report 2024-12-30 · accession 0001793659-24-000108 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-12-31 | 2024-12-30+ | RSI | GOLD JUDITH | Dir | S - Sale | $13.58 | -140.0K | 22.0K | -86% | -$1.90M |
| DI | 2024-12-31 | 2024-12-30 | RSI | GOLD JUDITH | Dir | D - Sale to Iss | $0.00 | -140.0K | 275.1K | -34% | $0 |
| DI | 2024-12-31 | 2024-12-30 | RSI | GOLD JUDITH | Dir | C - Cnv Deriv | $0.00 | +140.0K | 140.0K | New | $0 |
| DI | 2024-12-31 | 2024-12-30 | RSI | GOLD JUDITH | Dir | C - Cnv Deriv | $0.00 | -140.0K | 275.1K | -34% | $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 | 2024-12-31 | S | D | 21,999 | $13.75 | 0 | I By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 | — | — | (F2) Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2024-12-30 | S | D | 118,001 | $13.55 | 21,999 | I By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 | — | — | (F5) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $13.27 to $13.775 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. (F2) Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein. |
| 3 | Common | Class V Voting Stock | 2024-12-30 | D | D | 140,000 | $0.00 | 275,083 | I By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 | — | — | (F1) On December 30, 2024, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 140,000 Class A Common Stock Units ("RSI Units") for 140,000 shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the reporting person's spouse being canceled. (F3) The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Voting Stock will be entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Voting Stock held at the time of such vote. (F2) Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein. |
| 4 | Common | Class A Common Stock | 2024-12-30 | C | A | 140,000 | $0.00 | 140,000 | I By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 | — | — | (F1) On December 30, 2024, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 140,000 Class A Common Stock Units ("RSI Units") for 140,000 shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the reporting person's spouse being canceled. (F2) Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein. |
| 5 | Derivative | Class A Common Units of Rush Street Interactive, L.P. | 2024-12-30 | C | D | 140,000 | $0.00 | 275,083 | I By Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 | — · — to — | 140,000 Class A Common Stock | (F2) Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein. (F6) Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, beginning on June 29, 2021, the RSI Units beneficially owned by the reporting person's spouse may be exchanged, at any time, at the election of the holder, and has no expiration date, 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's spouse will be canceled. |