SCHWARTZ RICHARD TODD 4
Research Summary
AI-generated summary
Rush Street Interactive (RSI) CEO Richard Todd Schwartz Sells 247,114 Shares
What Happened
Richard Todd Schwartz, CEO of Rush Street Interactive (RSI), sold 247,114 shares in an open-market/private sale on February 17, 2026. The reported weighted-average sale price was $16.82 per share, for total proceeds of approximately $4,155,247. This was a sale (not a purchase); such sales are often routine dispositions.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely).
- Shares sold: 247,114; weighted-average price: $16.82; total proceeds: ~$4.16M.
- Price range: shares were sold in multiple transactions at prices from $16.09 to $17.06 per share (weighted average reported).
- Footnotes: F1 — shares were sold pursuant to a pre-established 10b5-1 trading plan; F2 — weighted-average price shown, and the filer will provide per-price breakdown on request.
- Shares owned after the transaction: not specified in the details provided.
Context
Sales executed under a 10b5-1 plan are pre-arranged and scheduled trades, which can make them less indicative of immediate insider sentiment. This filing reports a straightforward sale of common stock (code S); no options were exercised and no awards or gifts were involved.