Richard Schwartz sells 1.2 million shares, marking the largest insider sale at the online gaming firm this year.
Rush Street Interactive CEO Richard Schwartz sold $20.38 million worth of company stock, reducing his holdings by 1.2 million shares. The transaction, disclosed in a regulatory filing, represents the largest insider sale at the online gaming operator in 2024.
Prior to this sale, Schwartz held approximately 10.5 million shares, or roughly 5% of Rush Street’s outstanding stock. The company’s shares have climbed 18% year-to-date, outpacing broader gaming sector gains amid expansion into new U.S. markets.
Rush Street’s stock showed muted reaction in after-hours trading, dipping less than 1% following the disclosure.