Richard Schwartz, CEO of Rush Street Interactive has sold 247,114 shares in the online casino and sports betting group for approximately $4.4m, according to a Form 4 filing with the US Securities and Exchange Commission.
Schwartz executed the open-market transaction on February 4th, at a reported price of $17.61 per share, generating total proceeds of $4.35m. Following the sale, he retains direct ownership of 949,048 shares, valued at roughly $16.6m based on the same closing price, representing approximately 0.97% of the company’s outstanding shares.
The transaction marks Schwartz’s largest single open-market disposal to date, exceeding his prior median sale size of 193,900 shares. Two days earlier, COO Mattias Stetz sold 20,000 shares for $353,400.
The timing is notable. RSI reports Q4 and full-year 2025 earnings on February 17th. In Q3 of 2025, the company generated revenue of $277.9m, exceeding analyst expectations by 4.3% and extending its streak to 10 consecutive quarters of revenue growth. For the trailing 12 months, the group reported revenue of $1.06bn and net income of $30.1m, employing 883 staff across its US and Latin American operations. Its brands include BetRivers, PlaySugarHouse and RushBet.
RSI shares rose approximately 40% over the course of 2025, reflecting broader investor appetite for profitable online betting operators in regulated US markets. The insider sales, while significant in size, do not in themselves signal a strategic shift. However, coming days before earnings, they are likely to attract scrutiny from investors assessing valuation, growth sustainability and executive alignment.
With Q4 results imminent, attention will now turn to margin progression, state-level expansion and whether revenue momentum can be maintained into 2026.
