Richard Todd Schwartz - Jun 1, 2023 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Role: Chief Executive Officer, Director
Signature: /s/ Kyle Sauers as Attorney-in-fact
Stock symbol: RSI
Transactions as of: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/2/2023, 06:31 PM
Previous filing: Apr 13, 2023
Next filing: Sep 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSI	Class A Common Stock	Award	$0	+395K	+23.92%	$0.00	2.05M	Jun 1, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RSI	Stock Option (Right to Buy)	Award	$0	+478K		$0.00	478K	Jun 1, 2023	Class A Common Stock	478K	$2.14	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 15, 2023, the Reporting Person was awarded 395,490 restricted stock units (the "RSUs") under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan"), which were contingent upon the approval of additional shares being reserved under the Plan. The Issuer's stockholders approved the reservation of additional shares under the Plan on June 1, 2023, at the Issuer's Annual Meeting of Stockholders. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.
F2	On March 15, 2023, the Reporting Person was awarded 478,038 stock options of the Issuer (the "Options") under the Plan, which were contingent upon the approval of additional shares being reserved under the Plan. The Issuer's stockholders approved the reservation of additional shares under the Plan on June 1, 2023, at the Issuer's Annual Meeting of Stockholders. The Options vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.

Content

On March 15, 2023, the Reporting Person was awarded 395,490 restricted stock units (the "RSUs") under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan"), which were contingent upon the approval of additional shares being reserved under the Plan. The Issuer's stockholders approved the reservation of additional shares under the Plan on June 1, 2023, at the Issuer's Annual Meeting of Stockholders. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.

On March 15, 2023, the Reporting Person was awarded 478,038 stock options of the Issuer (the "Options") under the Plan, which were contingent upon the approval of additional shares being reserved under the Plan. The Issuer's stockholders approved the reservation of additional shares under the Plan on June 1, 2023, at the Issuer's Annual Meeting of Stockholders. The Options vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.