Filing Details
- Accession Number:
- 0001793659-24-000093
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-11-19 18:16:21
- Reporting Period:
- 2024-11-15
- Accepted Time:
- 2024-11-19 18:16:21
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1793659 | Rush Street Interactive Inc. | RSI | Services-Miscellaneous Amusement & Recreation (7990) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1834345 | Todd Richard Schwartz | C/O Rush Street Interactive, Inc. 900 N. Michigan Avenue, Suite 950 Chicago IL 60611 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Disposition | 2024-11-15 | 103,905 | $11.02 | 1,703,578 | No | 4 | S | Direct | |
Class V Voting Stock | Disposition | 2024-11-15 | 1,168,014 | $0.00 | 7,101,936 | No | 4 | G | Direct | |
Class V Voting Stock | Disposition | 2024-11-15 | 1,168,014 | $0.00 | 5,933,922 | No | 4 | G | Direct | |
Class V Voting Stock | Acquisiton | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | No | 4 | G | Indirect | By Spouse |
Class V Voting Stock | Acquisiton | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | No | 4 | G | Indirect | By Trust |
Class A Common Stock | Disposition | 2024-11-18 | 90,000 | $11.20 | 1,613,578 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | G | Direct | |
No | 4 | G | Direct | |
No | 4 | G | Indirect | By Spouse |
No | 4 | G | Indirect | By Trust |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Class A Common Stock | Class A Common Units of Rush Street Interactive, L.P. | Disposition | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | $0.00 |
Class A Common Stock | Class A Common Units of Rush Street Interactive, L.P. | Disposition | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | $0.00 |
Class A Common Stock | Class A Common Units of Rush Street Interactive, L.P. | Acquisiton | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | $0.00 |
Class A Common Stock | Class A Common Units of Rush Street Interactive, L.P. | Acquisiton | 2024-11-15 | 1,168,014 | $0.00 | 1,168,014 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
7,101,936 | No | 4 | G | Direct | ||
5,933,922 | No | 4 | G | Direct | ||
1,168,014 | No | 4 | G | Indirect | ||
1,168,014 | No | 4 | G | Indirect |
Footnotes
- Shares were sold pursuant to a 10b5-1 Plan dated August 16, 2024.
- 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.
- Represents a bona fide gift of shares of Class V Voting Stock of the Issuer to the Reporting Person's spouse for estate planning purposes.
- For estate planning purposes, the Reporting Person gifted shares of Class V Voting Stock of the Issuer to an irrevocable trust for the benefit of the Reporting Person's spouse and children, of which the Reporting Person's spouse is the trustee.
- 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.
- 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.
- 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.
- Represents a bona fide gift of RSI Units to the Reporting Person's spouse for estate planning purposes.
- For estate planning purposes, the Reporting Person gifted RSI Units to an irrevocable trust for the benefit of the Reporting Person's spouse and children, of which the Reporting Person's spouse is the trustee.