GOLD JUDITH 4
4 · Rush Street Interactive, Inc. · Filed Aug 9, 2024
Insider Transaction Report
Form 4
GOLD JUDITH
Director
Transactions
- Conversion
Class A Common Stock
2024-08-08+150,000→ 150,000 total(indirect: By Trust) - Disposition to Issuer
Class V Voting Stock
2024-08-08−150,000→ 415,083 total(indirect: By Trust) - Conversion
Class A Common Units of Rush Street Interactive, L.P.
2024-08-08−150,000→ 415,083 total(indirect: By Trust)→ Class A Common Stock (150,000 underlying) - Sale
Class A Common Stock
2024-08-09$9.50/sh−150,000$1,425,000→ 0 total(indirect: By Trust)
Footnotes (4)
- [F1]On August 8, 2024, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP. ("RSI LP"), 150,000 Class A Common Stock Units ("RSI Units") for 150,000 shares of Class A Common Stock of the Issuer, together with an equivalent number of Class V Voting Stock of the Issuer held by the reporting person's spouse being canceled.
- [F2]Consists of securities held by the Daniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012 (the "Kotcher Trust"). The reporting person is a beneficiary of the Kotcher Trust and may be deemed to have a beneficial ownership interest with respect to the securities held thereby, and the reporting person's husband, Daniel Kotcher, serves as trustee of the Kotcher Trust and exercises sole voting and investment control over such securities. The reporting person disclaims beneficial ownership of the securities held by the Kotcher Trust except to the extent of her actual pecuniary interest therein.
- [F3]The shares of Class V Voting Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Voting Stock will be entitled to vote as a common stockholder of the Issuer, with the number of votes equal to the number of shares of Class V Voting Stock held at the time of such vote.
- [F4]Pursuant to the Amended and Restated Limited Partnership Agreement of RSI LP, beginning on June 29, 2021, the RSI Units beneficially owned by the reporting person's spouse may be exchanged, at any time, at the election of the holder, and has no expiration date, 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's spouse will be canceled.