CEO Richard Schwartz Exchanges RSI Units for Class A Stock and Sells Shares via 10b5-1 Plan

2026-05-01SEC Filing 4 (0001834345-26-000018)

This Form 4 filing reports that Richard Todd Schwartz, CEO of Rush Street Interactive, executed a complex series of transactions on May 1, 2026. Schwartz exchanged 47,223 Class A Common Units of Rush Street Interactive, L.P. for an equivalent number of Class A Common Stock shares, with corresponding Class V Voting Stock being canceled. Additionally, two affiliated trusts exchanged 55,556 RSI Units each for Class A Common Stock. Following these exchanges, Schwartz sold 47,223 Class A Common Stock shares at a weighted average price of $28.1329 per share, and the affiliated trusts sold their entire 111,112 newly acquired shares. The sales were executed pursuant to a Rule 10b5-1 trading plan. After these transactions, Schwartz directly holds 374,036 Class A Common Stock shares and 5,278,885 Class V Voting Stock shares, while the affiliated trusts hold no remaining Class A Common Stock but maintain 1,056,902 Class V Voting Stock shares each. The Class V Voting Stock provides voting rights but no economic interest in the company.