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Rush Street Interactive, Inc. [RSI]

Reporting date: 10/08/2025

⚠️ Neutral-to-Slightly Bearish Insider Sale Detected

📝 What Happened

  • Insider: SCHWARTZ RICHARD TODD
  • Role: Chief Executive Officer / Director
  • Company: Rush Street Interactive, Inc. (RSI)
  • Transaction Date(s): 2025-10-08, 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 193,905
    • Average Sale Price: $18.50 (reported per-trade: $18.2019, $18.7879)
    • Total Value: $3,586,342.50
    • Post-Transaction Direct Holdings: 574,147
    • Indirect Holdings: None
    • 10b5-1 Plan Used? Yes

    📄 Summary

    SCHWARTZ RICHARD TODD, Chief Executive Officer / Director at Rush Street Interactive, Inc. (RSI), sold 193,905 shares on October 8–9, 2025, at an average price of $18.50, realizing proceeds of about ~$3,586,274. After the transaction, he now holds 574,147 direct shares. For retail traders, this is a neutral-to-slightly bearish event: Pre-arranged plan sales of a meaningful (~25%) slice of holdings — likely routine profit-taking.

    🔑 Interpretation

    • Type: Comp-related (sales executed pursuant to a 10b5-1 plan)
    • Disposition: Shares were sold (executed) under the pre-established plan rather than retained
    • Size Context: The insider sold ~193.9k shares, roughly ~25% of pre-sale holdings (sold in two tranches); sizeable but consistent with staged plan-based profit-taking rather than an immediate full divestment
    • ATH Metric: Using the sale VWAP (~$18.50) as a reference (yesterday's approximate price), the transaction does not appear to coincide with an obvious all-time high or low; it looks like routine execution rather than opportunistic timing at ATH/ATL levels based on available price context
    • Outlier Check: Not unusually large for a CEO conducting planned sales — material but within the range expected for scheduled 10b5-1 disposals

    📊 Bullish or Bearish?

    Neutral → Slightly Bearish

    Neutral → Slightly Bearish. The filing shows net sales executed under a 10b5-1 plan (pre-arranged), reducing direct holdings by ~25%; this looks like routine plan-based profit-taking rather than a discretionary, panic sale. Data completeness is good for these trades (per-trade weighted averages reported), but cluster activity cannot be determined from this filing alone.

    ✅ Bottom Line (Retail Takeaway)

    This transaction looks like routine profit-taking rather than a strong bearish signal. For retail traders, it’s noise, not a tradeable event — not worth short-/mid-term action unless corroborated by significant sales from multiple senior insiders.