GOLD JUDITH 4
4 · Rush Street Interactive, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Rush Street Interactive (RSI) Director Judith Gold Sells 48,286 Shares
What Happened Judith Gold, a director of Rush Street Interactive, reported the conversion of 48,286 Class A Common Stock Units into 48,286 shares of Class A common stock and the cancellation of equivalent Class V voting shares, followed by the open‑market sale of those 48,286 shares. The sales were executed at a weighted average price of $23.07 per share for total proceeds of approximately $1,114,006. The conversions were non‑cash (reported at $0) and the sale was performed under a pre‑arranged 10b5‑1 plan.
Key Details
- Transaction date: April 17, 2026.
- Sale: 48,286 shares disposed in open market; weighted average price $23.07; proceeds ≈ $1,114,006. Reported sale prices ranged $23.00–$23.26.
- Conversions: 48,286 Class A Common Stock Units exchanged for 48,286 Class A shares (conversion reported at $0); equivalent Class V Voting Stock canceled.
- Plan/authorization: Shares sold pursuant to a 10b5‑1 plan (footnote F4).
- Ownership after transaction: Not explicitly reported in this Form 4.
- Notable footnotes: spouse executed the unit exchange per RSI LP agreement (F1, F6); trust holdings referenced (Kotcher Trust) and disclaimer of beneficial ownership (F2); Class V shares carry voting but no economic rights (F3); weighted‑average sale price and multi‑price breakdown available on request (F5).
- Timeliness: Filing reports transactions dated April 17, 2026 and was filed the same date — no late filing indicated.
Context The filing shows a conversion of partnership/common‑unit interests into common shares (a structural exchange under RSI LP terms) followed by an immediate sale of those shares. Conversions are non‑cash events and the subsequent 10b5‑1 sale is a pre‑arranged trading plan, which is commonly used to systematically sell shares and does not by itself indicate the insider’s current view of the company.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2]2026-04-17+48,286→ 48,286 total(indirect: By Trust) - Disposition to Issuer
Class V Voting Stock
[F1][F3][F2]2026-04-17−48,286→ 125,083 total(indirect: By Trust) - Sale
Class A Common Stock
[F4][F5][F2]2026-04-17$23.07/sh−48,286$1,114,006→ 0 total(indirect: By Trust) - Conversion
Class A Common Units of Rush Street Interactive, L.P.
[F6][F2]2026-04-17−48,286→ 125,083 total(indirect: By Trust)→ Class A Common Stock (48,286 underlying)
- 119,597
Class A Common Stock
Footnotes (6)
- [F1]On April 17, 2026, the reporting person's spouse exchanged, pursuant to the Amended and Restated Limited Partnership Agreement of Rush Street Interactive, LP ("RSI LP"), 48,286 Class A Common Stock Units ("RSI Units") for 48,286 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 $23.00 to $23.26 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 Rush Street Interactive, L.P. ("RSI LP"), beginning on June 29, 2021, the Class A Common Units of RSI LP ("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.