Divisadero reports 6.2% stake in Rush Street Interactive | RSI SEC Filing - Form SCHEDULE 13G/A
Divisadero Street Capital Management, LP and related entities have filed an amended Schedule 13G/A, reporting a 6.2% beneficial ownership stake in Rush Street Interactive (RSI), totaling 6,416,679 shares. Divisadero Street Partners, L.P. also reported a 5.4% stake, holding 5,562,044 shares. The filing clarifies that these shares are directly owned by advisory clients, with William Zolezzi attesting to the document.
Rush Street Interactive (RSI) CEO-affiliated trusts sell 816,500 shares after unit exchanges
Trusts affiliated with Rush Street Interactive (RSI) CEO Richard Todd Schwartz sold 816,500 shares of Class A Common Stock at $24.96 per share between May 5-6, 2026. These sales followed unit exchanges where the same number of Class A Common Units were converted into Class A Common Stock, and an equivalent amount of Class V Voting Stock was canceled. After these transactions, Schwartz retains exposure to over 5.2 million Class A Common Units of Rush Street Interactive, L.P.
Rush Street Interactive's May 14 conference chat will stream live
Rush Street Interactive (NYSE: RSI) announced that its management will participate in a fireside chat at the 21st Annual Needham Technology, Media, & Consumer Conference on May 14, 2026, at 9:30 a.m. ET. A live webcast of the event will be available on RSI's investor relations website, with a replay archived for 90 days. This participation is described as a standard investor-relations touchpoint, following recent strong earnings and also secondary offerings which led to stock declines.
Major Rush Street Interactive (RSI) holders cut stakes in $249.6M secondary sale
Major holders of Rush Street Interactive (RSI), including Neil G. Bluhm and Richard Schwartz, participated in a secondary public offering, selling 11.5 million Class A Common Stock shares at $26.00 each, totaling $249.6 million in proceeds to the sellers. Despite this sale, Neil G. Bluhm and affiliated entities maintain a dominant 77.0% beneficial ownership of Class V Common Stock. The company also repurchased 1,153,846 Class A shares from the underwriters at the same price, and selling stockholders are subject to a 180-day lock-up period ending November 1, 2026.
Selling holders offer 11.5M Rush Street Interactive (NYSE: RSI) shares
Rush Street Interactive (NYSE: RSI) announced an underwriting agreement where selling shareholders sold 11.5 million Class A common stock shares at $24.96 each. The company itself did not receive any proceeds from this sale but concurrently repurchased 1,153,846 Class A shares from the underwriters for approximately $28.8 million, using its existing shelf registration framework. This transaction primarily reallocated ownership and modestly reduced the public float.
Rush Street Interactive Completes Secondary Offering and Buyback
Rush Street Interactive (RSI) announced the completion of a secondary offering where selling shareholders sold 11.5 million Class A shares. Concurrently, Rush Street Interactive repurchased 1.15 million shares for $28.8 million, adjusting its public float. This transaction highlights the company's active capital structure management, providing liquidity for existing shareholders while signaling management's confidence in repurchasing stock.
Rush Street insiders sell 10M shares as board backs $100M buyback
Rush Street Interactive (RSI) announced a secondary offering of 10 million shares by insiders, with an option for an additional 1.5 million shares. Concurrently, RSI plans to repurchase $30 million of these shares and has approved a new $100 million stock repurchase program. Despite these developments, RSI's stock declined by 4.49% on the day the news was published, reflecting a negative market reaction.
Rush Street Interactive selling shareholders sell 11.5M shares at $24.96; company repurchases ~1.15M for $28.8M
Rush Street Interactive (RSI) entered into an underwriting agreement for its selling shareholders to sell 11.5 million Class A shares at $24.96 each. Concurrently, the company repurchased approximately 1.15 million Class A shares from the underwriters for about $28.8 million. RSI did not receive any proceeds from the sale of shares by the selling shareholders.
Rush Street Interactive (RSI) CFO sells 23,000 shares under 10b5-1 plan
Rush Street Interactive's CFO, Kyle Sauers, reported an open-market sale of 23,000 shares of Class A Common Stock at $28.39 per share, conducted under a 10b5-1 plan. Following this transaction, Sauers directly holds 654,258 shares and indirectly holds an additional 4,700 shares through a child. This sale, valued at approximately $653,000, leaves him with a substantial remaining ownership stake in the company.
COO at Rush Street Interactive (RSI) sells 171,350 shares
Rush Street Interactive's COO, Mattias Stetz, and affiliated entities sold 171,350 shares of Class A Common Stock at $24.96 per share on May 5 and 6, 2026. These transactions involved converting Class A Common Units into Class A Common Stock and canceling equivalent Class V Voting Stock. Following these sales, Stetz maintains significant direct and indirect holdings in the company.
Neil Bluhm trust trims Rush Street Interactive (NYSE: RSI) stake
The NGB 2013 Grandchildren's Dynasty Trust, associated with Rush Street Interactive's Executive Chairman Neil Bluhm, sold 10.5 million shares of Class A Common Stock at $24.96 per share. This transaction followed the conversion of Class A Common Units into these shares and the cancellation of an equivalent number of Class V Voting Stock shares. Despite the sale, various affiliated entities and Neil Bluhm himself retain substantial indirect and direct holdings in Rush Street Interactive.
Rush Street Interactive CEO Richard Schwartz sells $20.38m in stock
Richard Schwartz, CEO of Rush Street Interactive (NASDAQ:RSI), sold 816,500 shares of Class A Common Stock for over $20.38 million on May 5 and May 6, 2026. These sales occurred after the company's shares surged 142% over the past year, though InvestingPro still considers them undervalued. Concurrently, the company announced a secondary offering of 10 million shares for executive financial planning and Macquarie raised its price target for RSI to $28.00 following strong Q1 2026 performance.
Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 106,500 Shares
Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz sold 106,500 shares on May 6th for approximately $2.66 million, as part of larger sales by himself and Chairman Neil Bluhm totaling over $50 million. Despite significant insider selling and a stock dip, the company reported strong Q2 earnings, beating analyst estimates, and announced a $100 million share repurchase program. Analysts maintain a "Moderate Buy" consensus for RSI with a price target around $28.63.
Rush Street Interactive CFO Kyle Sauers sells $652,970 in stock By Investing.com
Rush Street Interactive CFO Kyle Sauers sold 23,000 shares of Class A Common Stock for $652,970 on May 4, 2026, as part of a pre-arranged trading plan. This transaction occurred while RSI shares were near a 52-week high, having gained 142% over the past year. Despite the sale, Sauers still directly holds 654,258 shares, and the company recently completed a $260 million secondary offering by its executives for financial planning.
Rush Street Interactive COO Mattias Stetz sells $4.28m in stock
Rush Street Interactive COO Mattias Stetz sold 171,350 shares of the company's Class A Common Stock for approximately $4.28 million on May 5 and May 6, 2026, at $24.96 per share. These sales included both direct disposals and indirect sales through an affiliated trust. The transactions occurred after conversions of Class A Common Units to Class A Common Stock, and the stock price has since increased to $27.86, reflecting a 142% gain over the past year.
Rush Street Interactive COO Mattias Stetz sells $4.28m in stock
Rush Street Interactive COO Mattias Stetz sold 171,350 shares of the company's Class A stock for approximately $4.28 million on May 5 and 6, 2026. The sales occurred through direct transactions and via an affiliated trust, following conversions of Class A Common Units into stock. This insider activity comes amid a 142% stock gain over the past year and a recent $260 million secondary offering by multiple executives, along with a raised price target from Macquarie.
Rush Street Interactive executive chairman’s trust sells $262m stock
The NGB 2013 Grandchildren’s Dynasty Trust, associated with Rush Street Interactive's Executive Chairman Neil Bluhm, sold over 10.5 million shares of Class A Common Stock for approximately $262 million. These sales occurred on May 5 and May 6, 2026, at $24.96 per share, following conversions from Class A Common Units. Despite the stock's strong performance, Macquarie recently raised its price target for Rush Street Interactive, maintaining an Outperform rating, after the company reported a significant EBITDA beat.
Rush Street Interactive CEO Richard Schwartz sells $20.38m in stock
Richard Todd Schwartz, CEO of Rush Street Interactive, Inc. (NASDAQ: RSI), sold 816,500 shares of Class A Common Stock for a total of $20.38 million. These sales occurred on May 5 and May 6, 2026, through affiliated trusts, with shares priced at $24.96 each. The stock has seen a significant 142% surge over the past year, and the sales coincide with a recent secondary offering by key executives and a raised price target from Macquarie.
Rush Street Interactive CFO Kyle Sauers sells $652,970 in stock
Rush Street Interactive CFO Kyle Sauers sold 23,000 shares of the company's Class A Common Stock for $652,970 on May 4, 2026, as part of a pre-arranged trading plan. This sale occurred while RSI shares are near their 52-week high after a 142% gain. The company also recently completed a $260 million secondary offering by executives for personal financial planning and received an increased price target from Macquarie due to strong Q1 2026 performance.
Press Release: Rush Street Interactive Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders and Concurrent Repurchase of Shares
Rush Street Interactive announced the pricing of a secondary offering of 12,000,000 shares of its Class A common stock by selling stockholders at $10.00 per share. Concurrently, the company will repurchase 3,000,000 shares directly from the selling stockholders at the same price. The offering is expected to close on May 10, 2026, subject to customary closing conditions.
Rush Street insiders to sell 10 million shares at $26 each By Investing.com
Rush Street Interactive Inc. announced a secondary offering of 10 million Class A common stock shares at $26.00 each, sold by key insiders for financial planning. The company will not receive proceeds but will repurchase 1,153,846 shares and has approved a new $100 million stock repurchase plan. This follows strong first-quarter 2026 earnings and positive analyst adjustments, underscoring continued company momentum.
Rush Street Interactive insiders launch 10M share offering
Rush Street Interactive (NYSE:RSI) announced that trusts owned by three executives are selling 10 million shares of Class A common stock in an underwritten secondary offering for personal financial and estate planning. The company will not receive proceeds from this sale but plans to repurchase $30 million of shares from underwriters and has approved a new $100 million stock repurchase program. This offering comes as RSI shares trade near their 52-week high, following a 135% surge over the past year, and after the company reported impressive Q1 2026 earnings.
Rush Street Interactive Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders and Concurrent Repurchase of Shares
Rush Street Interactive (RSI) announced the pricing of a secondary public offering of 10,000,000 shares of its Class A common stock by selling stockholders, including its Executive Chairman, CEO, and COO, at $26.00 per share. Concurrently, RSI's Board of Directors approved a new $100 million share repurchase program and the company plans to repurchase 1,153,846 shares from the underwriters in connection with this offering. The selling stockholders are reducing their holdings for personal financial and estate planning, with Neil Bluhm remaining RSI's largest shareholder.
Rush Street Interactive insiders launch 10M share offering By Investing.com
Three executives at Rush Street Interactive (NYSE:RSI) are selling 10 million shares of Class A common stock, representing less than 10% of their holdings, for personal financial and estate planning. The offering comes as RSI shares are near their 52-week high, having surged 135% in the past year. Despite the sale, the company maintains a strong financial position, with a market capitalization of $6.79 billion and plans for a $100 million stock repurchase program.
Kyle L. Sauers files sale notice (RSI) for 23,000 Class A shares
Kyle L. Sauers has filed a Form 144 notice to sell 23,000 Class A shares of Rush Street Interactive (RSI). These shares are tied to restricted stock vesting and compensation, with reported sales on March 3, 2026, for $447,580 and April 6, 2026, for $520,260. The filing provides details on the securities to be sold and past sales by Sauers.
Rush Street Interactive COO Mattias Stetz sells $561,878 in stock
Rush Street Interactive COO Mattias Stetz sold 20,000 shares of Class A Common Stock worth $561,878 on May 1, 2026, pursuant to a pre-arranged trading plan. This sale occurred while RSI stock was near its 52-week high, despite an InvestingPro analysis indicating the stock remains undervalued. The company recently reported strong Q1 2026 earnings, exceeding revenue and EPS estimates, leading to positive analyst responses and raised price targets.
Rush Street Interactive CEO sells $4.45m in stock
Richard Todd Schwartz, CEO of Rush Street Interactive, Inc. (NASDAQ:RSI), sold 158,335 shares of Class A Common Stock worth $4.45 million on May 1, 2026, as the stock trades near its 52-week high after a 147% gain. The sale was executed via a Rule 10b5-1 trading plan and involved direct and indirect holdings. This comes shortly after RSI reported strong Q1 2026 earnings, leading several analysts to raise their price targets for the company.
Rush Street Interactive COO Mattias Stetz sells $561,878 in stock
Mattias Stetz, COO of Rush Street Interactive (NASDAQ:RSI), sold 20,000 shares of Class A Common Stock for $561,878 on May 1, 2026, via a pre-arranged trading plan, following a year of significant stock appreciation. This sale occurred after RSI reported strong Q1 2026 earnings, leading analysts to raise price targets, indicating robust company performance and growth despite the insider sale. Stetz retains substantial direct and indirect holdings in the company.
Rush Street Interactive CEO sells $4.45m in stock
Richard Todd Schwartz, CEO of Rush Street Interactive (NASDAQ:RSI), sold 158,335 shares of Class A Common Stock for over $4.45 million. The sale was executed via a Rule 10b5-1 trading plan and occurred as RSI trades near its 52-week high after a 147% gain, yet remains undervalued according to InvestingPro. This follows strong Q1 2026 earnings, with revenue up 41% and adjusted EBITDA up 81%, leading to several analyst price target increases.
Rush Street Interactive COO Mattias Stetz sells $561,878 in stock By Investing.com
Mattias Stetz, COO of Rush Street Interactive, Inc. (NASDAQ:RSI), sold 20,000 shares of Class A Common Stock for $561,878 on May 1, 2026, through a pre-arranged trading plan. Despite the sale, the stock remains undervalued according to InvestingPro, with RSI having seen a 147% return over the past year. This insider transaction follows strong Q1 2026 earnings, which saw revenue and adjusted EBITDA surpass expectations, leading to raised price targets by analysts.
Rush Street Interactive (RSI) CEO sells 158,335 shares under 10b5-1 plan
Richard Todd Schwartz, CEO of Rush Street Interactive (RSI), sold 158,335 shares of Class A Common Stock at a weighted average price of $28.1329 per share on May 1, 2026. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled and not opportunistic. Following the transactions, Schwartz retains significant direct and indirect holdings in the company, suggesting the sales were for portfolio rebalancing rather than an exit.
RSI (NYSE: RSI) COO converts units and sells 20,000 Class A shares under 10b5-1
Rush Street Interactive, Inc. COO Mattias Stetz converted 20,000 Class A Common Units into Class A Common Stock and subsequently sold 20,000 shares of Class A Common Stock for $28.0939 per share on May 1, 2026. The transaction was executed under a Rule 10b5-1 trading plan. Following these moves, Stetz directly holds 257,874 Class A Common Stock shares and 462,078 Class V Voting Stock shares.
Rush Street Interactive COO sells $1.85m in shares
Mattias Stetz, COO of Rush Street Interactive (NASDAQ:RSI), sold approximately $1.85 million worth of company shares in late April through a 10b5-1 trading plan. These transactions involved both indirect sales by his spouse and an exchange of partnership units followed by a sale through an associated trust. The sales occurred while RSI shares were trading near their 52-week high, following a 126% return over the past year, and coincide with strong Q1 2026 financial results that led analysts to raise price targets.
Rush Street Interactive (RSI) Q1 EPS Beat Tests Bullish Margin Expansion Narratives
Rush Street Interactive (RSI) reported strong Q1 2026 results with revenue of US$370.4 million and basic EPS of US$0.09, pushing its trailing twelve-month revenue to US$1.2 billion and net margin to 3%. While this earnings growth supports the bullish narrative of improved profitability from online casino expansion, the 3% net margin still falls short of the optimistic 6.5% forecast, creating tension against its high 77.9x P/E ratio. The article discusses how these results validate a move into consistent profitability but highlight the need for further margin expansion to meet market expectations and justify its current valuation.
Rush Street Interactive CLO Paul Wierbicki sells $1.24 million in stock
Paul Wierbicki, Chief Legal Officer at Rush Street Interactive (NASDAQ:RSI), sold 45,000 shares of the company's Class A Common Stock for approximately $1.24 million. This sale was conducted under a pre-arranged 10b5-1 trading plan and occurred after RSI's stock surged 126% over the past year, trading near its 52-week high. The company recently reported strong Q1 2026 financial results, exceeding revenue and adjusted EBITDA expectations, leading to positive analyst price target adjustments.
Rush Street Interactive director-linked trust sells 50K shares | RSI Insider Trading
A trust linked to Rush Street Interactive director Judith Gold sold 50,000 Class A Common Stock shares on April 29, 2026, at a weighted average price of $27.5818 per share. This transaction followed an exchange of 50,000 Class A Common Units for Class A Common Stock and the cancellation of an equivalent number of Class V Voting Stock shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, and the trust still holds a substantial number of units and shares, indicating a structural and liquidity management transaction rather than a discretionary sale based on new information.
Rush Street Interactive (RSI) legal chief sells 45,000 shares in 10b5-1 trades
Paul Wierbicki, Chief Legal Officer and Director at Rush Street Interactive (RSI), sold 45,000 shares of Class A Common Stock for approximately $1.24 million through a pre-arranged Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $27.5536, with individual transactions ranging from $26.5 to $28.25 per share. After the sale, Wierbicki directly retains 93,256 shares of RSI common stock.
RSI director Judith Gold sells $1.38m in Class A stock
Judith Gold, a director at Rush Street Interactive, Inc. (NASDAQ:RSI), sold 50,000 shares of Class A common stock for $1.38 million on April 29, 2026, through a pre-arranged 10b5-1 trading plan. This sale occurred as RSI stock trades near its 52-week high after a 126% gain over the past year. The company recently reported strong Q1 2026 financial results, exceeding revenue and adjusted EBITDA expectations, leading to several analyst price target increases.
Rush Street Interactive (NYSE: RSI) COO-linked trust and spouse sell 70K shares
Mattias Stetz, COO of Rush Street Interactive (NYSE: RSI), and associated entities sold a total of 70,000 shares of Class A Common Stock under a Rule 10b5-1 trading plan. The transactions involved sales by a trust and his spouse at weighted average prices of $24.0562 and $27.4437 per share, totaling $1.85 million. Additionally, a trust exchanged 50,000 Class A Common Units for Class A Common Stock, with an equivalent number of Class V Voting Stock canceled.
Rush Street Interactive CLO Paul Wierbicki sells $1.24 million in stock
Rush Street Interactive's Chief Legal Officer, Paul Wierbicki, sold 45,000 shares of Class A Common Stock for $1.24 million on April 29, 2026, through a pre-arranged trading plan. This sale occurred as RSI stock has seen a 126% surge over the last year, trading near its 52-week high, and following strong Q1 2026 financial results that beat expectations significantly. Analysts have responded by raising price targets and maintaining positive ratings for the company.
Rush Street Interactive COO sells $1.85m in shares
Rush Street Interactive's COO, Mattias Stetz, executed transactions in late April totaling approximately $1.85 million in sales of the company's Class A Common Stock. These sales, including those by his spouse and an associated trust, were conducted under 10b5-1 trading plans. The transactions occurred while RSI shares were near their 52-week high, following a 126% return over the past year and strong Q1 2026 financial results that led to increased price targets from several analysts.
Rush Street Interactive (NYSE: RSI) posts strong Q1 2026 growth
Rush Street Interactive (NYSE: RSI) reported robust growth in Q1 2026, with revenue increasing 41% year-over-year to $370.4 million, driven by strong performance in online casino and sports betting. Net income more than doubled to $26.2 million, and Adjusted EBITDA rose to $60.2 million as operating leverage improved. The company's U.S., Canada, and Latin America segments all contributed to higher monthly active users, showcasing continued expansion and improved profitability.
Rush Street Interactive Announces First Quarter 2026 Results and Raises Full Year Guidance
Rush Street Interactive (RSI) announced record financial results for the first quarter of 2026, with revenue up 41% to $370.4 million, net income up 134% to $26.2 million, and Adjusted EBITDA up 81% to $60.2 million. The company also reported significant growth in Monthly Active Users, especially in North American online casino markets, and subsequently raised its full-year 2026 revenue and Adjusted EBITDA guidance. These results, attributed to a customer-centric approach, reflect strong acquisition and retention, and position RSI for continued growth with an upcoming launch in Alberta.
Rush Street Interactive Announces First Quarter 2026 Results and Raises Full Year Guidance
Rush Street Interactive (NYSE: RSI) announced record-breaking financial results for the first quarter of 2026, with revenue up 41% to $370.4 million, net income surging 134% to $26.2 million, and Adjusted EBITDA increasing 81% to $60.2 million. The company also reported significant growth in Monthly Active Users (MAUs), particularly in North American online casino markets. Following this strong performance, RSI has raised its full-year 2026 revenue guidance to between $1,490 and $1,540 million and Adjusted EBITDA guidance to between $230 and $250 million.
Rush Street Interactive (NYSE: RSI) lifts 2026 outlook after record Q1 growth
Rush Street Interactive (RSI) announced record-breaking Q1 2026 results, with revenue up 41% to $370.4 million, net income surging 134% to $26.2 million, and Adjusted EBITDA increasing 81% to $60.2 million. The company also reported substantial growth in Monthly Active Users, up 51% year-over-year. Following this strong performance, RSI raised its full-year 2026 guidance, now projecting revenue between $1.49 billion and $1.54 billion and Adjusted EBITDA between $230 million and $250 million.
Rush Street revenue tops $370.4M as North America casino users rise 62%
Rush Street Interactive (RSI) reported record-breaking first-quarter 2026 results, with revenue reaching $370.4 million and net income at $26.2 million, marking significant year-over-year increases. The company also saw a 51% surge in Monthly Active Users (MAUs) globally, with a particularly strong 62% growth in North American online casino MAUs. Consequently, RSI has raised its full-year 2026 revenue guidance to between $1,490 and $1,540 million and adjusted EBITDA guidance to between $230 and $250 million, anticipating continued growth and an upcoming market launch in Alberta.
3 Stocks That Might Be Undervalued By Up To 48.3% Offering A Possible Discount
This article identifies three U.S. stocks—FB Financial (FBK), National Bank Holdings (NBHC), and Rush Street Interactive (RSI)—that are potentially undervalued by up to 48.3% based on their estimated future cash flows. The analysis highlights their respective business operations, market caps, discounts to fair value, and projected strong earnings growth compared to the broader U.S. market. The article emphasizes that despite the flat market over the past week, these companies offer investment opportunities due to their potential for significant appreciation.
Rush Street Interactive, Inc. ($RSI) CEO 2025 Pay Revealed
The CEO of Rush Street Interactive, Inc. ($RSI), Richard Schwartz, received an estimated compensation of $6,946,803 in 2025, marking a 29.98% decrease from 2024. The article also details significant insider selling activity, with several executives selling large numbers of shares, and provides insights into hedge fund movements and analyst ratings for the company.
Rush Street Interactive (NYSE: RSI) 2026 virtual meeting and charter change vote
Rush Street Interactive (NYSE: RSI) will hold its virtual 2026 annual meeting on June 3, 2026. Stockholders will vote on the re-election of four Class III directors, the ratification of WithumSmith+Brown, PC as the independent auditor, and proposed charter amendments to include officer exculpation and clarify director removal processes. Neil Bluhm and Richard Schwartz and related entities, holding approximately 51.3% of the voting power, intend to vote for all proposals, effectively ensuring their approval.
Rush Street Interactive, Inc. (RSI) Reports Next Week: Wall Street Expects Earnings Growth
Rush Street Interactive, Inc. (RSI) is expected to report an increase in earnings and revenue for the quarter ended March 2026. While the Zacks Consensus Estimate predicts a +33.3% year-over-year earnings change and 26.4% revenue increase, the company has a negative Earnings ESP of -13.04% combined with a Zacks Rank #2, making a conclusive prediction for beating EPS estimates difficult.
