GOLD JUDITH 4
Research Summary
AI-generated summary
Rush Street Interactive (RSI) Director Judith Gold Sells 50,000 Shares
What Happened
- Judith Gold, a director of Rush Street Interactive, sold 50,000 shares of Class A common stock on April 29, 2026. The weighted-average sale price was $27.58 per share, resulting in proceeds of approximately $1,379,090.
- The sale followed a conversion/exchange of 50,000 Class A Common Stock Units (RSI Units) into 50,000 shares of Class A common stock (the reporting person’s spouse effected the exchange under the RSI LP agreement), and an equivalent number of Class V Voting Stock held by the spouse was canceled. The sale was conducted pursuant to a prearranged 10b5-1 plan.
Key Details
- Transaction date: April 29, 2026. Weighted-average sale price: $27.58; reported price range across trades: $26.51–$28.25. Total proceeds ≈ $1,379,090. (See footnote F5 for per-trade breakdown upon request.)
- Transaction types reported: conversion of derivative/unit into shares, cancellation of Class V voting shares, and open-market sale (S code). One entry shows conversion as a derivative disposition (C/D entries).
- Sale executed under a 10b5-1 plan (footnote F4), indicating preplanned sales rather than ad-hoc trading.
- The conversion was effected by the reporting person’s spouse under the RSI LP agreement (footnote F1); Class V voting shares have voting but no economic rights (footnote F3).
- The filing does not specify the reporting person’s total shares owned after the transactions.
Context
- The core mechanics: certain partnership units were exchanged for common shares (per the LP agreement), then shares were sold on the open market under a 10b5-1 plan. Conversions of units and cancellation of related Class V voting shares are administrative steps that can precede sales.
- Because the sale was under a 10b5-1 plan and resulted from a unit exchange by the spouse, this filing documents a routine monetization of converted units rather than indicating insider acquisition interest. No late filing is indicated in this report.