Richard Todd Schwartz - 28 Mar 2025 Form 4 Insider Report for Rush Street Interactive, Inc. (RSI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Apr 2025, 18:06:06 UTC
Prior SEC filing
28 Mar 2025
Next SEC filing
10 Apr 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kyle Sauers as Attorney-in-fact

Key filing fact

Richard Todd Schwartz filed Form 4 for Rush Street Interactive, Inc. (RSI) on 01 Apr 2025.

Key facts

  • This page summarizes Richard Todd Schwartz's Form 4 filing for Rush Street Interactive, Inc. (RSI).
  • 4 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 01 Apr 2025, 18:06.

Change

  • Previous filing in this sequence was filed on 28 Mar 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RSI transaction

Class V Voting Stock

Gift

Transaction value
$0
Shares
-1,168,014
Change %
-100%
Price
$0.000000
Shares after
0
Date
28 Mar 2025
Ownership
By Spouse
Footnotes
F1
RSI transaction

Class V Voting Stock

Gift

Transaction value
$0
Shares
+1,168,014
Change %
Price
$0.000000
Shares after
1,168,014
Date
28 Mar 2025
Ownership
By Irrevocable Trust
Footnotes
F2
RSI holding

Class V Voting Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,168,014
Date
28 Mar 2025
Ownership
By Trust
RSI holding

Class V Voting Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,740,017
Date
28 Mar 2025
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RSI transaction Derivative

Class A Common Units of Rush Street Interactive, L.P.

Gift

Transaction value
$0
Shares
+1,168,014
Change %
Price
$0.000000
Shares after
1,168,014
Date
28 Mar 2025
Ownership
By Irrevocable Trust
Underlying class
Class A Common Stock
Underlying amount
1,168,014
Exercise price
Footnotes
F2, F3
RSI transaction Derivative

Class A Common Units of Rush Street Interactive, L.P.

Gift

Transaction value
$0
Shares
-1,168,014
Change %
-100%
Price
$0.000000
Shares after
0
Date
28 Mar 2025
Ownership
By Spouse
Underlying class
Class A Common Stock
Underlying amount
1,168,014
Exercise price
Footnotes
F3, F4
RSI holding Derivative

Class A Common Units of Rush Street Interactive, L.P.

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,168,014
Date
28 Mar 2025
Ownership
By Trust
Underlying class
Class A Common Stock
Underlying amount
1,168,014
Exercise price
Footnotes
F3
RSI holding Derivative

Class A Common Units of Rush Street Interactive, L.P.

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,740,017
Date
28 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
5,740,017
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

For estate planning purposes, the Reporting Person's spouse gifted shares of Class V Voting Stock of the Issuer to an irrevocable trust for the benefit of the Reporting Person and his children, of which the Reporting Person is the trustee.

Footnote F2

The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such securities are beneficially owned by the Reporting Person for Section 16 or any other purpose.

Footnote F3

Pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("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.

Footnote F4

For estate planning purposes, the Reporting Person's spouse gifted RSI Units to an irrevocable trust for the benefit of the Reporting Person and his children, of which the Reporting Person is the trustee.

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