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RSI Rush Street Interactive, Inc. Insider Trading

Latest: Executive Chair Sold $262.4M of Shares · May 2026

Multiple insiders have been active at Rush Street Interactive, Inc. (RSI): 9 distinct insiders account for 0 buy filings and 70 sell filings as of Jul 2026. Its highest-significance filing in the last 90 days: Executive Chair Neil Bluhm sold $262.4M, transaction dated May 2026.

70 filings analyzed · Latest 2026-07-08

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Buys
0
Sells
70
Insiders
9
Direction
Net selling

Rush Street Interactive, Inc. leadership

CEO
Richard Schwartz — Chief Executive Officer
CFO
Kyle Sauers — President and Chief Financial Officer
COO
Mattias Stetz — Chief Operating Officer
General Counsel
Paul Wierbicki — Chief Legal Officer
Chair
Neil Bluhm — Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

July 2026
2026-07-08 10b5-1 Plan
medium
Chief Financial Officer
23,000 shares
$725,190
@ $31.53
Significance 4

CFO Kyle Sauers sold 23,000 RSI shares at $31.53 on 2026-07-06 (scheduled 10b5-1 plan); stock now $32.74 (+25.2% in 30 days, +52.9% in 90 days)

Kyle Sauers, Chief Financial Officer of Rush Street Interactive, Inc., executed a scheduled sale of 23,000 shares at $31.53 for total value of $725,190.00 under a pre-arranged 10b5-1 trading plan, reducing his holdings from 675,526 shares to 652,526 shares. The sale was scheduled, not discretionary. RSI stock has appreciated 25.2% over 30 days and 52.9% over 90 days post-transaction, with the current price of $32.74 only 0.4% below the 52-week high of $32.86. Among Sauers' prior five sales at RSI, outcomes following three measurable trades show mixed results: +24.5%, -10.5%, and +23.2% 30-day returns, suggesting variability in near-term price direction across his RSI sales history. The company's latest quarter revenue stands at $370.4M with annual growth of +22.8%, though the elevated P/E of 181.89 reflects significant market pricing into future performance.

2026-07-02 10b5-1 Plan
medium
Chief Executive Officer
158,334 shares
$4,942,364
@ $31.21
Significance 6

RSI CEO Richard Todd Schwartz sells 158,334 shares for $4,942,364.15 via scheduled 10b5-1 plan

Richard Todd Schwartz, Chief Executive Officer of Rush Street Interactive, Inc., executed 3 separate sales totaling 158,334 shares for $4,942,364.15 on 2026-07-01, all at $31.21 per share, through a pre-arranged 10b5-1 trading plan. This reduces his non-derivative common stock holdings to 0 shares, though he retains substantial derivative holdings totaling 5,184,441, 537,540, and 537,540 Class A Common Units across multiple entities. The stock currently trades at $31.68, up 24.6% over the past 30 days and 39.7% over 90 days. His prior sales at this ticker—executed on 2026-06-01 and 2026-05-06—have shown 30-day price appreciation of +22.2% and +4.7% respectively, consistent with his cross-ticker track record of average 30-day returns of +6.9% after sales. As a scheduled transaction under a 10b5-1 plan, this sale reflects predetermined execution timing rather than discretionary portfolio management.

2026-07-02 10b5-1 Plan
low
Chief Operating Officer
20,000 shares
$624,374
@ $31.22
Significance 4

COO Mattias Stetz sold 20,000 RSI shares at $31.22 under scheduled 10b5-1 plan; stock up 24.6% in 30 days.

Mattias Stetz, Chief Operating Officer, sold 20,000 shares of Rush Street Interactive on 2026-07-01 at $31.22 per share for $624,374.00, reducing his holdings to 197,874 shares (a -9.2% reduction from prior holdings of 217,874 shares). This sale is part of a pre-arranged 10b5-1 trading plan, meaning execution was scheduled rather than discretionary. The stock is currently priced at $31.68, within 0.5% of its 52-week high of $31.85. Over the trailing 30 days, RSI has appreciated +24.6%, and over 90 days +39.7%, reflecting sustained upward momentum in the security.

June 2026
2026-06-05 10b5-1 Plan
low
Chief Financial Officer
23,000 shares
$585,120
@ $25.44
Significance 3

CFO Kyle Sauers sells 23,000 RSI shares at $25.44 under pre-arranged 10b5-1 plan; stock now $26.14

Kyle Sauers (CFO) sold 23,000 shares for $585,120.00 on 2026-06-03 as part of a pre-arranged 10b5-1 trading plan, reducing his holdings from 654,258 shares to 631,258 shares. The sale was scheduled rather than discretionary, limiting what it reveals about his current conviction. His prior trades at Rush Street Interactive show mixed outcomes: a 2026-05-04 sale saw 30d returns of -10.5% and 90d returns of -7.6%, while a 2026-04-06 sale achieved 30d returns of +23.2% and 90d returns of +16.0%. The stock's 30-day performance is -6.2%, placing it in the middle of his same-ticker trade history. With revenue growth of +22.8% year-over-year and a P/E of 145.22, the company's valuation warrants monitoring, though fundamentals remain material at $370.4M quarterly revenue and $9.1M net income.

2026-06-03 10b5-1 Plan
medium
Chief Executive Officer
158,334 shares
$4,049,804
@ $25.58
Significance 6

CEO Richard Todd Schwartz sells 158,334 shares for $4,049,803.73 via scheduled 10b5-1 plan; retains 6,417,855 derivative holdings

Richard Todd Schwartz executed 3 separate sales totaling 158,334 shares for $4,049,803.73 at $25.58 on 2026-06-01 under a pre-arranged 10b5-1 trading plan, which is scheduled and not discretionary. The CEO's non-derivative common stock position moves to 0 shares post-transaction, but he retains 6,417,855 Class A Common Units across three ownership vehicles. The current stock price of $25.42 sits -13.1% from the 52-week high of $29.24 and -8.4% over the 30-day period. His prior trades at Rush Street Interactive show mixed results: the most recent sales on 2026-05-06 and 2026-05-05 generated 30-day and 90-day returns of +1.9%, while an earlier sale on 2026-05-01 produced a 30-day return of -9.9% and 90-day return of -9.6%, indicating varied outcomes on this specific ticker.

2026-06-03 10b5-1 Plan
low
Chief Operating Officer
20,000 shares
$512,680
@ $25.63
Significance 4

COO Mattias Stetz sells 20,000 shares of RSI at $25.63; 10b5-1 plan execution with stock down 8.4% in 30 days.

Mattias Stetz, Chief Operating Officer, sold 20,000 shares at $25.63 on 2026-06-01 under a pre-arranged 10b5-1 trading plan, reducing his holdings by 8.4% to 217.9K shares. This is a scheduled, non-discretionary transaction. The stock has declined 8.4% over the 30-day period and is currently -13.1% from its 52-week high of $29.24, though it remains up 21.7% over 90 days. His prior trades at RSI show mixed outcomes: four sales in early May posted modest 1.9% gains at both 30 and 90 days, while an earlier May 1st sale resulted in -9.8% and -9.5% returns respectively at those horizons. The company's fundamentals show revenue of $370.4M with 22.8% annual growth, though the P/E of 141.22 reflects a premium valuation relative to net income of $9.1M.

May 2026
2026-05-06 10b5-1 Plan
medium
Chief Financial Officer
23,000 shares
$652,970
@ $28.39
Significance 4

CFO Kyle Sauers sells 23,000 shares at $28.39 as stock nears 52-week highs following sharp rally.

Kyle Sauers, Rush Street Interactive's CFO, sold 23,000 shares shortly after the stock staged a substantial rally from depressed levels and is now trading at 52-week highs. While the timing coincides with peak valuations, Sauers' prior sales in this stock show mixed results — his last sale (less than a month prior) was followed by further gains, suggesting his selling hasn't historically predicted downturns at RSI. The company itself is profitable with solid revenue growth, trading at a premium multiple that reflects investor enthusiasm for its turnaround. This sale appears to be profit-taking after a strong run rather than a distress signal, particularly given the CFO is divesting less than 4% of his holdings. The filing merits attention as a timing indicator but lacks the urgency of a major officer dumping shares or signaling operational deterioration.

2026-05-06
high
Neil Bluhm Sell
Executive Chairman
10,512,150 shares
$262,383,264
@ $24.96
Significance 7

Executive Chairman Neil Bluhm sells entire ~10.5M share position in Rush Street Interactive for ~$262M total

Neil Bluhm, Executive Chairman and major shareholder of Rush Street Interactive, executed a complete exit of his equity stake across two trading days, liquidating over ten million shares. This full divestiture is striking given the company's solid fundamentals—profitable with meaningful revenue growth—and the stock's position at its highest levels in twelve months, having rallied significantly over the prior quarter. The timing is notable: Bluhm is selling into strength when the company appears operationally healthy, not during a downturn or crisis. For retail investors, a complete exit by the founder-level director at peak valuations warrants scrutiny—it suggests either that the executive sees limited upside from current levels or has liquidity needs unrelated to confidence in the business. The fact that this is a full liquidation, not a trim or diversification, is the critical distinction that separates this from routine executive trading.

2026-05-06
medium
Chief Executive Officer
816,500 shares
$20,379,840
@ $24.96
Significance 4

CEO Richard Schwartz divests over $20M in RSI shares via dual transactions while stock remains well below 52-week highs.

Richard Schwartz, CEO of Rush Street Interactive, executed a pair of substantial sales on May 5–6, 2026, liquidating over $20 million in company stock across consecutive trading days. This marks his 48th through 51st open-market sale in the past three years—a striking pattern of pure divestiture with zero open-market purchases in that same window. The timing is notable: the stock has climbed sharply in the short term but remains below its 52-week high, and Schwartz's prior five sales at this company were all poorly timed, with the stock rising afterward in each case. As CEO, Schwartz has direct operational insight into Rush Street Interactive's trajectory, and his persistent selling contrasts with the company's solid fundamentals—it is profitable, growing revenue, and trading at a reasonable market valuation. The scale and frequency of these liquidations, combined with their consistent poor timing in hindsight, suggest a pattern driven more by portfolio management or capital needs than by conviction about the company's near-term direction.

2026-05-06
medium
Chief Operating Officer
171,350 shares
$4,276,896
@ $24.96
Significance 3

COO Mattias Stetz liquidates all remaining holdings via series of open-market sales, continuing 49-trade selling pattern with poor historical timing.

Mattias Stetz, the company's Chief Operating Officer, has executed a complete exit from his RSI holdings through a sequence of open-market sales totaling approximately 86,675 shares over two consecutive trading days. This represents the continuation of an extraordinary pattern: Stetz has now completed 49 open-market sales in the 36-month window without a single open-market purchase, meaning this filing caps a strategy of systematic liquidation. The historical record is uniform and unfavorable: all five of his prior RSI sales saw the stock rise afterward, indicating consistently poor timing on his exits—each time he sold, the company's shares subsequently appreciated. Despite this track record of mistimed exits, the stock now trades well below its 52-week high while the company remains profitable with revenue growing in the low twenties. Stetz's complete liquidation of his position stands as a notable outlier in the executive ranks, raising questions about his confidence relative to the company's operational fundamentals.

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