Richard Todd Schwartz - Mar 15, 2024 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: Mar 15, 2024
Transactions value $: -$225,541
Form type: 4
Date filed: 3/19/2024, 05:30 PM
Previous filing: Sep 29, 2023
Next filing: Apr 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSI	Class A Common Stock	Award	$0	+305K	+15.3%	$0.00	2.3M	Mar 15, 2024	Direct	F1
transaction	RSI	Class A Common Stock	Sale	-$226K	-38.7K	-1.69%	$5.83	2.26M	Mar 19, 2024	Direct	F2, F3

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	+278K		$0.00	278K	Mar 15, 2024	Class A Common Stock	278K	$5.79	Direct	F4

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

Explanation of Responses:

Id	Content
F1	On March 15, 2024, the Reporting Person was awarded 304,590 restricted stock units (the "RSUs") under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan"). 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	Represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of previously disclosed RSUs. The satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction was pursuant to a prior irrevocable election by the Reporting Person and does not represent a discretionary trade.
F3	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $5.76 to $5.92 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.
F4	On March 15, 2024, the Reporting Person was awarded 277,986 stock options of the Issuer (the "Options") under the Plan. 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.