Sauers Kyle 4

What Happened

• Kyle Sauers, CFO of Rush Street Interactive (RSI), exercised stock options on 2026-06-25 to acquire 46,728 shares at an exercise price of $3.28 per share, for a total cash outlay of $153,268. On the same date he reported a disposition recorded as a derivative instrument at $0 and made a separate gift of 2,460 shares (2 gifts of 1,230 shares each) to his adult children.
• The exercise is an acquisition (not an open-market purchase), while the 2,460-share transfer to family members is a gift and not a market sale.

Key Details

• Transaction date: 2026-06-25; Form 4 filed 2026-06-26 (timely filing).
• Exercise: 46,728 shares acquired at $3.28/share = $153,268 total.
• Gift: 2,460 shares disposed (1,230 shares each to two adult children) — reported as Gift (G).
• Derivative reporting: 46,728 shares also reported as disposed at $0 (reflects the option/derivative instrument being extinguished upon exercise).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: F1 confirms the recipients and split of the gift; F2 notes the underlying options vest in three equal annual installments beginning on the first anniversary of the March 15, 2023 grant.

Context

• This was an exercise of options (an insider acquiring shares by paying the option exercise price), not an open-market purchase or sale. The simultaneous $0 disposition entry typically reflects the extinguishment/conversion of the option (derivative) when shares are issued on exercise.
• Gifts to family members are routine estate- or tax-related transfers and do not necessarily signal the insider’s view of the company’s prospects.