SCHWARTZ RICHARD TODD 4

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.