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Rush Street Interactive, Inc. — Director's Dealing 2021
Apr 1, 2021
31005_dirs_2021-03-31_1c10e18c-a829-4db6-8567-e68df9eb54ed.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Rush Street Interactive, Inc. (RSI)
CIK: 0001793659
Period of Report: 2021-03-08
Reporting Person: You Harry L. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-08 | Private Placement Warrants (right to buy) | $11.50 | J | 3337500 | Acquired | 2025-12-29 | Class A Common Stock (3337500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 5750000 | Indirect |
Footnotes
F1: The private placement warrants acquired by the Reporting Person and reported herein were received in a distribution by dMY Sponsor, LLC (the "Sponsor") to certain of its members in accordance with the Sponsor's Operating Agreement. As a manager of the Sponsor, the Reporting Person previously may have been deemed to be an indirect beneficial owner of the securities previously held directly by the Sponsor.
F2: Each private placement warrant is exercisable for one share of Class A common stock of the Issuer at price of $11.50 per share, subject to adjustment, pursuant to the Warrant Agreement, dated as of February 20, 2020, by and between the Issuer and Continental Stock Transfer & Trust Company and as described under the heading "Description of Capital Stock-Warrants-Private Placement Warrants" in the Issuer's registration statement on Form S-1, filed with the SEC on January 31, 2020, as amended.
F3: Includes 1,212,813 shares of Class A Common Stock placed into escrow subject to the achievement of certain earnout targets pursuant to that certain business combination agreement dated as of July 27, 2020, as amended and amended and restated (the "Business Combination Agreement").
F4: (continued from footnote 3) The remaining shares of Class A Common Stock are held by the Sponsor and are generally not transferable, assignable or salable until the earlier of (A) December 29, 2021 or earlier if, subsequent to Business Combination, the closing price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing on May 28, 2021, and (B) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company's stockholders having the right to exchange their Class A Common Stock for cash, securities or other property. As a manager of the Sponsor, the Reporting Person previously may have been deemed to be an indirect beneficial owner of the securities previously held by the Sponsor.