Insider Selling: Rush Street Interactive (NYSE:RSI) COO Sells 11,175 Shares of Stock

May 7, 2026 by InsiderTrades.com

Key Points

CEO Richard Todd Schwartz sold 106,500 shares on May 6 at an average price of $24.96 for $2.66M and, across May 5–6, sold roughly 816,500 shares totaling about $20.4M in insider sales.
The company disclosed an underwritten secondary offering of 10,000,000 Class A shares by trusts tied to executives, and large concurrent insider sales (including Executive Chairman Neil Bluhm and the COO) could increase near-term supply and pressure the stock despite the board approving a $100M repurchase program.
Rush Street Interactive reported a strong quarter with Q2 revenue up 41.1% to $370.36M and EPS of $0.14, beating estimates, while the stock trades with a market cap of $6.47B and recent volatility.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 11,175 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $278,928.00. Following the transaction, the chief operating officer owned 237,874 shares of the company's stock, valued at $5,937,335.04. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RSI Stock Soars 22% On Q2 Blowout—Will PENN Match the Momentum?

Mattias Stetz also recently made the following trade(s):

On Tuesday, May 5th, Mattias Stetz sold 74,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.96, for a total transaction of $1,859,520.00.
On Friday, May 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.09, for a total transaction of $561,800.00.
On Wednesday, April 29th, Mattias Stetz sold 50,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $27.44, for a total transaction of $1,372,000.00.
On Monday, April 27th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.06, for a total transaction of $481,200.00.
On Wednesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.07, for a total transaction of $441,400.00.
On Tuesday, March 24th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00.
On Wednesday, March 4th, Mattias Stetz sold 11,892 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.22, for a total transaction of $240,456.24.
On Wednesday, March 4th, Mattias Stetz sold 3,398 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.22, for a total transaction of $68,707.56.
On Tuesday, March 3rd, Mattias Stetz sold 29,725 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.07, for a total transaction of $596,580.75.
On Tuesday, March 3rd, Mattias Stetz sold 8,493 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.07, for a total transaction of $170,454.51.

Rush Street Interactive Stock Down 4.6%

NYSE RSI opened at $27.83 on Thursday. Rush Street Interactive, Inc. has a 52 week low of $11.50 and a 52 week high of $29.24. The stock has a market capitalization of $6.47 billion, a PE ratio of 89.79 and a beta of 1.65. The firm has a 50 day moving average of $22.07 and a two-hundred day moving average of $19.57.

Rush Street Interactive May Hit the Jackpot on a Sale

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business had revenue of $370.36 million during the quarter, compared to analysts' expectations of $330.83 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company's revenue for the quarter was up 41.1% on a year-over-year basis. On average, equities research analysts expect that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

RSI has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. raised their price target on Rush Street Interactive from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their price target on Rush Street Interactive from $26.00 to $29.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price target on Rush Street Interactive from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC raised their price target on Rush Street Interactive from $25.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.63.

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Read Our Latest Analysis on Rush Street Interactive

Key Headlines Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

Positive Sentiment: Board approved a $100 million share repurchase program to run concurrent with the secondary offering — supports the share price by allowing the company to repurchase shares and signals board confidence. Article Title
Neutral Sentiment: CFO Kyle Sauers sold 23,000 shares under a pre-arranged Rule 10b5-1 plan at ~$28.39; pre-planned sales tend to be treated as non-informational by the market. SEC Filing
Negative Sentiment: Company disclosed an underwritten secondary offering of 10,000,000 Class A shares by trusts tied to Executive Chairman Neil Bluhm, CEO Richard Schwartz and COO Mattias Stetz — increases near-term supply and can pressure the stock. Article Title
Negative Sentiment: Large insider sales tied to the offering were filed with the SEC: Executive Chairman Neil Bluhm sold 1,371,150 shares (~$34.2M at $24.96), CEO Richard Schwartz sold ~816,500 shares across May 5–6 (~$20.4M at $24.96), and COO Mattias Stetz sold ~85,675 shares (~$2.1M). These sizable insider sales amplify selling pressure. Bluhm SEC Filing

Institutional Trading of Rush Street Interactive

A number of large investors have recently bought and sold shares of the business. New York State Teachers Retirement System boosted its stake in Rush Street Interactive by 5.2% during the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company's stock worth $184,000 after purchasing an additional 419 shares during the period. Man Group plc boosted its stake in Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company's stock worth $1,334,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company's stock worth $398,000 after purchasing an additional 752 shares during the period. Cerity Partners LLC boosted its stake in Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company's stock worth $460,000 after purchasing an additional 1,042 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Rush Street Interactive by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company's stock worth $325,000 after purchasing an additional 1,561 shares during the period. Institutional investors and hedge funds own 24.78% of the company's stock.

About Rush Street Interactive

(Get Free Report)

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.