Rush Street Interactive (RSI) 10% Owner Neil Bluhm Gifts 380,000 Shares

What Happened
Neil Bluhm, reported as a 10% owner of Rush Street Interactive (RSI), made a bona fide gift of 380,000 shares on September 22, 2026. The Form 4 shows a disposed entry (gift) of 380,000 shares at $0.00 and a corresponding acquired entry (the trust receiving the gift) of 380,000 shares at $0.00 — the reported transaction value is $0.00. This was not a market sale or purchase but a transfer to a family trust.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-24 (timely file).
• Transaction type/code: Gift (G). Price per share: $0.00; total proceeds: $0.
• Recipient: Bluhm Joint Revocable Trust (trust for members of the reporting person’s immediate family).
• Footnote highlights:
  • F1: The transfer is a bona fide gift to a trust for immediate-family beneficiaries. The reporter remains subject to a lock-up from a recent underwritten offering; the trustee signed a similar lock-up and the shares in the trust remain subject to the lock-up for its duration.
  • F2: The shares are held by the Bluhm Joint Revocable Trust; Bluhm and his spouse are trustees. Bluhm is deemed to have an indirect beneficial interest but disclaims ownership except for any pecuniary interest.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• Gifts are not purchases and generally do not signal the insider’s market view; they are estate planning or family-transfer actions.
• As a 10% owner (not an executive trading for compensation), this is an ownership-structure change rather than routine executive trading.