Rush Street Interactive CEO Sells Nearly 250k Shares For Over $40M

By Adé Hennis – Mar 1, 2026 at 2:35PM ESTKey PointsRichard Todd Schwartz sold 247,114 shares of Common Stock for a total transaction value of ~$4.16 million on Feb. 17, 2026.This disposition represented 26.0% of his direct holdings at the time, reducing his direct ownership to 701,934 shares post-transaction.Richard Todd Schwartz, Chief Executive Officer of Rush Street Interactive (RSI 0.05%), reported the sale of 247,114 shares of Common Stock for a total consideration of ~$4.16 million on Feb. 17, 2026, according to a SEC Form 4 filing. Transaction summaryMetricValueShares sold (direct)247,114Transaction value$4.16 millionPost-transaction shares (direct)701,934Post-transaction value (direct ownership)$11.89 millionTransaction value based on SEC Form 4 reported price ($16.82); post-transaction value based on Feb. 17, 2026 market close ($16.94). Key questionsHow does the size of this sale compare to Schwartz’s recent transaction history?This transaction ties for Schwartz’s largest sale, in which he sold the exact number of shares on Feb. 4. What percentage of Schwartz’s remaining direct holdings does this sale represent, and how has capacity influenced recent trade sizes?This transaction accounted for 26.0% of Schwartz’s direct holdings immediately prior to the sale. Company overviewMetricValueRevenue (TTM)$1.13 billionNet income (TTM)$33.31 millionEmployees9121-year price change (Feb. 28, 2026)48.50%ExpandNYSE: RSIRush Street InteractiveToday's Change(-0.05%) $-0.01Current Price$19.74Key Data PointsMarket Cap$2.0BDay's Range$19.29 - $19.8352wk Range$9.54 - $22.65Volume40KAvg Vol1.9MGross Margin31.10%Company snapshotRush Street Interactive operates as an online casino and sports betting company in the United States and Latin America. The company markets its online casino and sports betting services under the BetRivers.com, PlaySugarHouse.com, and RushBet.co brands. What this transaction means for investorsIn Q3 fiscal year 2025, Rush Street had its tenth consecutive quarter of improved revenue, beating analysts’ revenue expectations by 4.3%. Many expected the company would deliver another successful earnings report for Q4, and on Feb. 17, 2026, it indeed did. Quarterly revenue grew yet again, and annual revenue reached $1 billion for the first time. Its annual earnings per share (EPS) grew approximately 973% year over year (YoY). The growth is substantial compared to previous years, when the company consistently operated at a net income and EPS deficit. Other companies within the casino and betting industry have also reported positive results in their recent earnings reports. This includes DraftKings (DKNG +1.53%), and Hasbro (HAS 0.77%), which is historically known as a toy manufacturer, but in July 2025, began venturing into the online casino industry with multiple licensing deals. RSI stock rose approximately 40% in 2025, and after a strong close to its fiscal year, it looks poised for long-term growth, especially as the online betting industry currently booms. Read NextFeb 16, 2026 •By Adé HennisCEO of Top Online Casino And Sports Betting Company Sells 247k Shares for $44MStocks MentionedRush Street InteractiveNYSE: RSI$19.74(-0.05%)-$0.01*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.