GOLD JUDITH 4
4 · Rush Street Interactive, Inc. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Rush Street Interactive (RSI) Director Judith Gold Sells 1,714 Shares
What Happened
- Judith Gold, a director of Rush Street Interactive (RSI), was involved in a conversion of partnership units into 1,714 Class A common shares on April 8, 2026, and those 1,714 shares were sold in the open market. The reported weighted-average sale price was $23.03, generating total proceeds of approximately $39,475. The conversion and related zero-price entries reflect an exchange of RSI LP units for common stock (not a cash purchase).
Key Details
- Transaction date: April 8, 2026.
- Open-market sale: 1,714 shares sold at a weighted-average price of $23.03 (range $23.00–$23.08); total proceeds ≈ $39,475. (Footnote F5: more granular price breakdown available on request.)
- Conversion: 1,714 Class A Common Stock Units were exchanged for 1,714 shares of Class A common stock and an equivalent number of Class V voting shares were canceled (Footnotes F1, F6).
- Sale plan: Shares were sold pursuant to a pre-established 10b5-1 trading plan (Footnote F4).
- Ownership details: The filing notes securities associated with the Daniel S. Kotcher Revocable Trust; Ms. Gold is a beneficiary and her husband (Daniel Kotcher) is trustee with sole voting/investment control (Footnote F2).
- Filing timeliness: Form 4 was filed April 10, 2026 for transactions on April 8, 2026 (appears timely under Form 4 rules).
- Shares owned after the transaction: not specified in the filing.
Context
- The zero-dollar “conversion” entries represent an exchange of partnership units into shares (a non-cash structural conversion), not a purchase on the open market.
- The subsequent sale under a 10b5-1 plan indicates the sale was executed under a prearranged trading program (common for planned liquidity and to avoid timing questions). This is a routine insider sale rather than a new purchase signal.
Insider Transaction Report
Form 4
GOLD JUDITH
Director
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-04-08+1,714→ 1,714 total(indirect: By Trust) - Disposition to Issuer
Class V Voting Stock
[F1][F3][F2]2026-04-08−1,714→ 173,369 total(indirect: By Trust) - Sale
Class A Common Stock
[F4][F5][F2]2026-04-08$23.03/sh−1,714$39,475→ 0 total(indirect: By Trust) - Conversion
Class A Common Units of Rush Street Interactive, L.P.
[F6][F2]2026-04-08−1,714→ 173,369 total(indirect: By Trust)→ Class A Common Stock (1,714 underlying)
Holdings
- 119,597
Class A Common Stock
Footnotes (6)
- [F1]On April 8, 2026, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 1,714 Class A Common Stock Units ("RSI Units") for 1,714 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]Shares were sold pursuant to a 10b5-1 plan.
- [F5]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23 to $23.08 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]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 may be exchanged, 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 will be canceled.
Signature
/s/ Kyle Sauers as Attorney-in-fact|2026-04-10