Sauers Kyle 4

What Happened

• Kyle Sauers, CFO of Rush Street Interactive (RSI), was awarded 103,578 restricted stock units (RSUs) on March 14, 2026 under the company's 2020 Omnibus Equity Incentive Plan. The award shows an acquisition at $0.00 per share (typical for RSU grants).
• On March 16, 2026, 43,626 shares were withheld by the issuer to satisfy income tax withholding in connection with the vesting/net settlement of previously disclosed RSUs; these withheld shares were disposed at $20.25 per share, totaling approximately $883,427. The withholding does not represent an open‑market sale by Sauers.

Key Details

• Transaction dates/prices:
  • 2026-03-14: RSU grant — 103,578 shares @ $0.00 (award)
  • 2026-03-16: Tax withholding — 43,626 shares @ $20.25 = $883,427 (disposition for withholding)
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: RSUs vest in three equal annual installments starting on the first anniversary of the grant, subject to continued service.
  • F2: The 43,626-share disposal reflects issuer withholding to satisfy tax obligations and is not a voluntary sale by the reporting person.
• Filing: Form 4 filed March 17, 2026 (reports the March 14 grant and March 16 withholding).

Context

• RSU grants are compensation awards, not purchases; vesting schedules determine when shares convert to owned stock. Approximately 42% of the awarded RSUs (43,626 of 103,578) were withheld to cover taxes at settlement — a common, administrative cashless/net‑settlement practice and not necessarily a signal of insider sentiment.