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

Core Insights - Richard Todd Schwartz, CEO of Rush Street Interactive, sold 247,114 shares for approximately $4.16 million on February 17, 2026, as reported in an SEC Form 4 filing [1][2]. Transaction Summary - The shares sold directly amounted to 247,114, with a transaction value of $4.16 million [2]. - After the transaction, Schwartz holds 701,934 shares, valued at approximately $11.89 million based on the market close on February 17, 2026 [2]. - The transaction value was based on a reported price of $16.82, while the post-transaction value was calculated using a market close price of $16.94 [2]. Company Overview - Rush Street Interactive reported a trailing twelve months (TTM) revenue of $1.13 billion and a net income of $33.31 million [4]. - The company employs 912 individuals and experienced a 48.50% price change over the year ending February 28, 2026 [4]. Company Snapshot - Rush Street Interactive operates as an online casino and sports betting company in the U.S. and Latin America, marketing its services under the brands BetRivers.com, PlaySugarHouse.com, and RushBet.co [5]. Recent Performance - In Q3 of fiscal year 2025, Rush Street achieved its tenth consecutive quarter of revenue growth, surpassing analysts' expectations by 4.3% [6]. - The company reported annual revenue exceeding $1 billion for the first time, with earnings per share (EPS) growing approximately 973% year over year [7]. - Other companies in the casino and betting industry, such as DraftKings and Hasbro, have also reported positive earnings results [8]. Shareholder Activity - Schwartz's recent sale of shares ties for his largest transaction, representing 26.0% of his direct holdings prior to the sale [9]. - The stock of Rush Street Interactive rose approximately 40% in 2025, indicating potential for long-term growth in the booming online betting industry [10].