SCHWARTZ RICHARD TODD 4
4 · Rush Street Interactive, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Rush Street Interactive (RSI) CEO Richard Schwartz Receives RSU Award
What Happened Richard Todd Schwartz, CEO of Rush Street Interactive (RSI), was awarded 192,552 restricted stock units (RSUs) on March 14, 2026 (reported on a Form 4 filed March 17, 2026). Two days later the issuer withheld 121,090 shares at $20.25 per share — a disposition recorded to satisfy tax withholding and remittance obligations totaling $2,452,073. The RSU grant is an award (not an open‑market purchase); the withholding is a tax settlement and not a voluntary sale by the insider.
Key Details
- Award: 192,552 RSUs granted on 2026-03-14 (transaction code A); reported acquisition price $0.00.
- Tax withholding: 121,090 shares withheld/disposed on 2026-03-16 at $20.25 per share, amount $2,452,073 (transaction code F).
- Vesting: RSUs vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
- Filing: Form 4 filed 2026-03-17; filing shows no late‑filing flag.
- Shares owned after transaction: Not specified in the filing.
- Footnote clarification: The withheld shares were remitted by the issuer to cover income tax withholding and do not represent a sale initiated by the reporting person.
Context RSU grants are common executive compensation and become valuable only as they vest; this award vests over three years. The issuer withholding shares for taxes is a routine cashless/net settlement method and should not be interpreted as an opportunistic sale by the insider. For retail investors, purchases are typically more informative about insider sentiment than grants or tax-withholding dispositions.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-14+192,552→ 647,373 total - Tax Payment
Class A Common Stock
[F2]2026-03-16$20.25/sh−121,090$2,452,073→ 526,283 total
Footnotes (2)
- [F1]On March 14, 2026, the Reporting Person was awarded 192,552 restricted stock units (the "RSUs") under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such vesting date.
- [F2]Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's previously disclosed RSUs and does not represent a sale by the Reporting Person.