Einar Roosileht - Aug 26, 2024 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Role: Chief Information Officer
Signature: /s/ Kyle Sauers as Attorney-in-fact
Stock symbol: RSI
Transactions as of: Aug 26, 2024
Transactions value $: -$1,362,900
Form type: 4
Date filed: 8/27/2024, 08:05 PM
Previous filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSI	Class A Common Stock	Conversion of derivative security	$0	+150K	+18.54%	$0.00	959K	Aug 26, 2024	Direct	F1
transaction	RSI	Class V Voting Stock	Disposed to Issuer	$0	-150K	-5.06%	$0.00	2.81M	Aug 26, 2024	Direct	F1, F2
transaction	RSI	Class A Common Stock	Sale	-$1.36M	-150K	-15.64%	$9.09	809K	Aug 27, 2024	Direct	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	Class A Common Units of Rush Street Interactive, L.P.	Conversion of derivative security	$0	-150K	-5.06%	$0.00	2.81M	Aug 26, 2024	Class A Common Stock	150K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	On August 26, 2024, the reporting person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 150,000 Class A Common Stock Units ("RSI Units") for 150,000 shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the reporting person being canceled.
F2	The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Voting Stock will be entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Voting Stock held at the time of such vote.
F3	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.135 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	Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, beginning on June 29, 2021, the RSI Units beneficially owned by the reporting person may be exchanged, at any time, at the election of the holder, and has no expiration date, subject to certain conditions, for one share of Class A Common Stock of the Issuer. Upon such exchange, an equivalent number of shares of Class V Voting Stock then held by the reporting person will be canceled.