GOLD JUDITH 4
Research Summary
AI-generated summary
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.