Rush Street Interactive CEO Richard Todd Schwartz has offloaded $4.94 million in shares a significant transaction involving the sale of 158,334 shares of its Class A Common Stock.

This move, carried out through a pre-arranged trading arrangement, generated approximately $4,942,364, with shares sold at a weighted average price of $31.2148.

The individual sale prices fluctuated between $29.95 and $31.66. Notably, RSI’s stock is currently trading close to its 52-week high of $31.85, reflecting a remarkable 112% increase over the past year.

Mr. Schwartz himself directly sold 47,222 shares, bringing his remaining direct ownership to 374,036 shares of Class A Common Stock. Furthermore, two affiliated trusts have also sold portions of their holdings. An irrevocable trust disposed of 55,556 shares, while another trust matched this with the sale of an additional 55,556 shares, leaving both trusts without any direct ownership of Class A Common Stock.