GOLD JUDITH 4
Research Summary
AI-generated summary
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.