The cluster of C-suite selling at similar prices ($25.44-$25.63) without any disclosed 10b5-1 plan or vesting-driven pattern raises a caution flag. Monitor for upcoming earnings or material news — the CEO's $1.21M sale is the largest single insider transaction in the cluster. Given the model's poor historical win rate on RSI (25% at T+20), avoid taking a directional position solely on this signal, but consider it as a negative data point in a broader thesis.
Price Chart
Executive Summary
Three top executives at Rush Street Interactive (CEO, CFO, COO) sold a combined $2.31M in open-market sales over a 3-day window, with the CEO alone selling $1.21M. This is a material cluster of insider selling at a $6.1B market cap company, representing ~0.04% of market cap — below the 0.1% threshold for materiality, but the involvement of all three C-suite officers in a tight cluster warrants attention. The historical calibration shows this segment has a net negative alpha at T+20 (-1.24%), and the model's past bullish/long calls on RSI have underperformed (25% win rate), suggesting caution.
Key Financial Metrics
Key Facts
- CEO Richard Todd Schwartz sold 47,222 shares at $25.58 for $1.21M on June 1, 2026
- CFO Kyle Sauers sold 23,000 shares at $25.44 for $585K on June 3, 2026
- COO Mattias Stetz sold 20,000 shares at $25.63 for $513K on June 1, 2026
- Total open-market sales by C-suite: $2.31M over 3 days
- Director Thomas Winter had a tax withholding transaction (non-cash, 3,296 shares) on June 3
- CEO also had non-cash derivative conversions and dispositions on June 1 (no economic value)
- Market cap: $6.1B; insider sales represent ~0.04% of market cap
Financial Impact
C-suite open-market sales of $2.31M, representing ~0.04% of $6.1B market cap
Risk Factors
- Insider sales may be liquidity-driven or part of pre-arranged 10b5-1 plans not disclosed in this filing
- Historical calibration shows net negative alpha at T+20 (-1.24%) for this segment, suggesting limited predictive power
- The $2.31M total is only 0.04% of market cap — below the 0.1% materiality threshold for most institutional investors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RSI-1780698158163 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $26.68 $27.02 | ▲ +1.27% | ▲ +1.82% | $20.01 (−25.00%) |
Sep 3, 2026 29d ago | 144 | $26.77 $26.68 | ▼ −0.34% | ▲ +0.05% | $20.01 (−25.25%) |
Aug 5, 2026 8w ago | Insider Cluster | $25.92 $25.08 | ▼ −3.24% | ▼ −3.08% | $20.01 (−22.80%) |
Jul 8, 2026 12w ago | Insider Cluster | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | $20.01 (−38.68%) |
Jul 8, 2026 12w ago | Press Release | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | $20.01 (−38.68%) |
Jul 6, 2026 12w ago | 144 | $32.22 $32.31 | ▲ +0.28% | ▲ +0.75% | $20.01 (−37.90%) |
Jul 2, 2026 13w ago | Insider Cluster | $31.68 $32.22 | ▲ +1.70% | ▲ +0.83% | $20.01 (−36.84%) |
Jun 12, 2026 16w ago | Institutional Cluster | $29.60 $30.12 | ▲ +1.76% | ▼ −0.01% | $20.01 (−32.40%) |
Jun 5, 2026 17w ago | Insider Cluster | $26.14 $27.59 | ▼ −5.55% | ▼ −5.84% | $20.01 (+23.45%) |
Jun 3, 2026 17w ago | Insider Cluster | $26.23 $26.14 | ▼ −0.34% | ▲ +2.26% | $20.01 (−23.71%) |
US Market Status
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