RSI Rush Street Interactive, Inc. Insider Trading

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.

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.

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.

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.

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.

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.

Chief Legal Officer Paul Wierbicki sells $1.24M stake, reducing holdings by one-third amid recent rally

Paul Wierbicki, Rush Street Interactive's Chief Legal Officer, sold a significant portion of his stake—roughly one-third of his holdings—on the heels of a substantial price recovery. The company is profitable with solid revenue growth, but trades at a notably elevated valuation relative to earnings. This sale stands out because the timing follows a sharp upswing rather than occurring during the pullbacks that typically characterize insider confidence. While a single officer sale doesn't necessarily signal alarm, the combination of liquidating one-third of holdings after a meaningful rally suggests Wierbicki saw an opportune exit point rather than conviction that the stock had further to run. The sale warrants context: was this a planned portfolio rebalancing, an earnings-driven decision, or a signal that management sees downside risk ahead?