The CEO's open-market sale without a 10b5-1 plan, combined with the CFO's sale days later, creates a bearish signal. Monitor for any upcoming earnings pre-announcement or material news that could explain the selling. The director's buy is too small to offset the C-suite selling.
Price Chart
Executive Summary
Rush Street Interactive insiders show a mixed cluster: CEO Richard Schwartz sold $939K worth of shares (open-market, no 10b5-1 plan indicated), while director Jack Markell bought $29K. The CEO sale is material relative to the company's market cap (~0.3%), but the buy side is negligible. The CFO also sold $467K in a separate recent trade. The cluster is dominated by selling in both dollar value and insider seniority, suggesting a bearish signal from top management.
Key Financial Metrics
Key Facts
- CEO Richard Schwartz sold 47,200 shares at $19.88 for $939K on 2026-10-01 (open-market, no 10b5-1 plan indicated).
- Director Jack Markell bought 1,500 shares at $19.35 for $29K on 2026-09-25.
- CFO Kyle Sauers sold 23,000 shares at $20.31 for $467K on 2026-10-05 (open-market).
- Total insider selling in the cluster and adjacent period: ~$1.4M; total buying: $29K.
- CEO and CFO selling within a week of each other, both open-market, with no disclosed trading plans.
Financial Impact
CEO sale of $939K represents ~0.3% of market cap; combined with CFO sale, total ~0.5% of market cap.
Risk Factors
- CEO and CFO selling in close proximity may indicate concerns about near-term performance or valuation.
- No disclosed 10b5-1 plans for either sale, increasing the likelihood of discretionary, potentially informed selling.
- Director buy is minimal ($29K) and does not provide meaningful counter-signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RSI-1791238328984 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 20d ago | Insider Cluster | $20.56 $19.07 | ▲ +7.25% | ▲ +7.11% | $16.25 (+20.94%) |
Oct 5, 2026 21d ago | 144 | $20.99 $18.71 | ▼ −10.86% | ▼ −11.28% | $16.25 (−22.56%) |
Sep 3, 2026 7w ago | Insider Cluster | $26.68 $26.22 | ▼ −1.72% | ▼ −0.52% | $16.25 (−39.07%) |
Sep 3, 2026 7w ago | 144 | $26.77 $26.43 | ▼ −1.27% | ▼ −0.12% | $16.25 (−39.28%) |
Aug 5, 2026 11w ago | Insider Cluster | $25.08 $24.61 | ▼ −1.87% | ▼ −3.09% | $16.25 (−35.19%) |
Jul 8, 2026 15w ago | Insider Cluster | $32.63 $32.80 | ▲ +0.52% | ▲ +0.65% | $16.25 (−50.18%) |
Jul 8, 2026 15w ago | Press Release | $32.63 $32.80 | ▲ +0.52% | ▲ +0.65% | $16.25 (−50.18%) |
Jul 6, 2026 16w ago | 144 | $32.22 $33.40 | ▲ +3.66% | ▲ +3.17% | $16.25 (−49.55%) |
Jul 2, 2026 16w ago | Insider Cluster | $31.68 $32.63 | ▲ +3.00% | ▲ +2.07% | $16.25 (−48.69%) |
Jun 12, 2026 19w ago | Institutional Cluster | $29.60 $29.09 | ▼ −1.72% | ▼ −2.40% | $16.25 (−45.08%) |
US Market Status
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