COO Mattias Stetz offloads 400,000 shares, reducing his stake amid recent stock volatility.
Rush Street Interactive COO Mattias Stetz sold $4.28 million worth of company stock, liquidating 400,000 shares at an average price of $10.70. The transaction follows a period of heightened trading activity in the gaming operator’s shares, which have fluctuated amid broader market uncertainty.
Prior to the sale, Stetz held over 1.2 million shares, representing a significant portion of his equity in the company. Rush Street Interactive’s stock has underperformed sector peers this quarter, declining nearly 15% year-to-date despite a rebound in online gaming revenues.
No immediate market reaction was observed following the disclosure, though insider sales often draw scrutiny from investors monitoring executive confidence levels.