Paul Wierbicki - Nov 25, 2024 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Role
Chief Legal Officer, Director
Signature
/s/ Kyle Sauers as Attorney-in-fact
Stock symbol
RSI
Transactions as of
Nov 25, 2024
Transactions value $
-$105,000
Form type
4
Date filed
11/27/2024, 06:13 PM
Previous filing
Nov 12, 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 +7K +5% $0.00 147K Nov 25, 2024 Direct F1
transaction RSI Class V Voting Stock Disposed to Issuer $0 -7K -4.95% $0.00 134K Nov 25, 2024 Direct F1, F2, F3
transaction RSI Class A Common Stock Sale -$105K -7.5K -5.1% $14.00 139K Nov 25, 2024 Direct F4

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 -7K -4.95% $0.00 134K Nov 25, 2024 Class A Common Stock 7K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On November 25, 2024, the reporting person exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 7,000 Class A Common Stock Units ("RSI Units") for 7,000 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 As of the date of filing this Form 4, these securities are held by the Paul Wierbicki Declaration of Trust, dated January 31, 2012 (the "Wierbicki Trust"). The reporting person is the grantor, trustee and beneficiary of the Wierbicki Trust.
F4 Shares were sold pursuant to a 10b5-1 Plan dated August 9, 2024.
F5 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, 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.