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SEC EDGARJUN 31 min read$RSI

SCHWARTZ RICHARD TODD sold $2.8M of RSI (indirect holdings)

SCHWARTZ RICHARD TODD (Chief Executive Officer) sold 111,112 indirectly-held shares of Rush Street Interactive, Inc. (RSI) at $25.58 ($2.84M total) across 2 trades on 2026-06-01 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · SCHWARTZ RICHARD TODD
Published Jun 3, 2026, 10:06 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 28, 2026, 4:01 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$RSI
Bearish
medium confidence
Mentioned
$RSI
Relevance
5/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$RSIBearishLow
01

Why it matters

The CEO's complete exit from share ownership may be interpreted as a lack of confidence, prompting short sellers.

02

Market read

The filing is a primary source of insider activity; while not a catalyst for sector moves, it is relevant for RSI traders.

03

What to watch

Potential tax planning or liquidity needs for the CEO could be driving the sale, not company fundamentals.

Relevance 5/10Novelty 4/10Timing: after‑hours filing on 2026‑06‑03

Background

Form 4 filings provide the first public disclosure of insider trades, offering transparency into insider sentiment.

Company-level read

Ticker impact

$RSIBearishMedium confidence
Context

CEO Richard Todd Schwartz sold 111,112 shares for $2.84 M via a 10b5‑1 plan, reducing his stake to zero.

Expected impact

likely downward pressure as the market prices in the insider sell

Evidence & confidence

A $2.8 M sale by the CEO, even under a pre‑arranged plan, is material for a small‑cap stock and often triggers short‑term selling.

Market effects

Sector

Minimal impact on the broader online gaming sector; only a single insider transaction.

Regional

No regional effect; the filing is company‑specific.

Global

Limited relevance beyond RSI investors.

Counterpoint

What could challenge this read

The sale was pre‑arranged under a 10b5‑1 plan, so it may not reflect any negative outlook.

Key entities

  • Company
    Rush Street Interactive, Inc.

    Online gaming and sports betting operator listed on NASDAQ under ticker RSI.

  • Individual
    Richard Todd Schwartz

    Chief Executive Officer of RSI.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

RSI insider trading history →

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