STETZ MATTIAS 4
Research Summary
AI-generated summary
Rush Street Interactive COO Mattias Stetz Sells 20,000 Shares
What Happened
Mattias Stetz, Chief Operating Officer of Rush Street Interactive, sold 20,000 shares on Feb 2, 2026. The reported weighted-average sale price was $17.67, producing total proceeds of approximately $353,386. This was a sale (not a purchase), which is commonly a routine liquidity event rather than a directional buy signal.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (timely filing within the required period).
- Sale type/code: S (open-market or private sale) executed pursuant to a 10b5-1 trading plan (Footnote F1).
- Prices: weighted-average $17.67; individual trade prices ranged from $17.18 to $18.13 (Footnote F2). The reporting person can provide the breakdown of shares sold at each price upon request.
- Total shares sold: 20,000; total proceeds reported: $353,386.
- Shares owned after the transaction: not disclosed in this filing.
Context
Sales under a 10b5-1 plan are prearranged and are commonly used by insiders to sell shares on a scheduled basis; they generally reduce the informational value of the sale as a signal about company prospects. No options were exercised and no gifts or tax-withholding items were involved in this reported transaction.