Harry L. You - May 26, 2021 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Role
Director
Signature
/s/ Harry L. You
Stock symbol
RSI
Transactions as of
May 26, 2021
Transactions value $
-$8,092,959
Form type
4
Date filed
5/28/2021, 09:45 PM
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSI Class A common stock Sale -$2.91M -233K -35.05% $12.50 431K May 26, 2021 See Footnote F1, F2, F3
transaction RSI Class A common stock Sale -$5.19M -431K -100% $12.04 0 May 27, 2021 See Footnote F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously disclosed on the Reporting Person's Form 4 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 31, 2021, these shares were acquired on March 29, 2021, when the Reporting Person, exercised 3,337,500 warrants (the "Private Placement Warrants"), on a cashless basis pursuant to the Warrant Agreement, dated as of February 20, 2020, by and between the Issuer and Continental Stock Transfer & Trust Company, with each Private Placement Warrant exercisable for one share of Class A common stock per Private Placement Warrant at a price of $11.50 per share.
F2 The Class A common stock was sold by RHY 2021 Irrevocable Trust (the "Trust") in open market transactions on the transaction date, with a volume weighted average price of $12.5002. The range of the sale price on the transaction date was $12.3472 to $12.72 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F3 These shares are held directly by the Trust of which the Reporting Person is the Investment Advisor. The Reporting Person may be deemed to have beneficial ownership of the shares held directly by the Trust. The Reporting Person disclaims beneficial ownership of such shares, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose.
F4 The Class A common stock was sold by the Trust in open market transactions on the transaction date, with a weighted average price of $12.0367. The range of the sale price on the transaction date was $12.00 to $12.40 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.