Rush Street Interactive insiders launch 10,000,000-share secondary offering

Rush Street Interactive, Inc. Class A

Rush Street Interactive, Inc. Class A

RSI

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  • Rush Street Interactive launched an underwritten secondary offering of 10,000,000 shares of Class A common stock sold by trusts tied to Executive Chairman Neil Bluhm, CEO Richard Schwartz, COO Mattias Stetz.
  • Selling stockholders plan to grant underwriters 30-day option to buy up to 1,500,000 additional shares; each seller is offering less than 10% of currently held stock.
  • Company will not receive proceeds; shares are being sold for personal financial planning, estate planning purposes.
  • RSI plans to repurchase USD 30 million of shares from underwriters at offering price using cash on hand; repurchased shares will be canceled.
  • Existing repurchase program will be replaced with new USD 100 million stock repurchase plan tied to completion of offering.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rush Street Interactive Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605051604PRIMZONEFULLFEED9713706) on May 05, 2026, and is solely responsible for the information contained therein.