Rush Street Interactive Execs Pare Stock Holdings
Posted on: February 16, 2026, 02:16h.
Last updated on: February 16, 2026, 02:16h.
- CEO Schwartz engages in largest sale to date
- COO Stetz also sold shares
- The stock is down 17.50% year-to-date
High-ranking executives at Rush Street Interactive (NYSE: RSI) have recently been cutting their exposure to the gaming stock.
A Form 4 filing with the Securities and Exchange Commission (SEC) released earlier this month indicates CEO Richard Schwartz unloaded 247,114 shares for gross proceeds of $4.4 million in what was his biggest sale to date. That easily topped his median sale size of nearly 194,000 shares.
The Form 4 indicates that following the sale, Schwartz 949,048 shares of Rush Street Interactive, or slightly less than 1% of the company’s shares outstanding. A separate Form 4 released two days prior to the pertaining to Schwartz confirmed COO Mattias Stetz sold 20,000 shares for gross proceeds of $353,400.
Inside Rush Street Interactive Insider Selling
As is the case in other industries, insider selling occurs in the gaming space with some companies more known for it than others.
On a standalone basis, insider selling isn’t always a red flag. Those transactions may occur simply because the sellers want to diversify their personal holdings, not because they’re bearish on their companies. It should also be noted that directors and executives selling their companies’ shares aren’t required to disclose reasons behind those transactions.
Conversely, skeptics may assert that Schwartz and Stetz are selling at a time when shares of Rush Street Interactive are faltering. After ranking as one of 2025’s best gaming names, the stock is off 17.50% since the start of this year.
Potentially adding to concerns around the insider sales is that transactions occurred in advance of the operator’s fourth-quarter earnings report, which is scheduled for Tuesday, Feb. 17 after the close of US markets. Analysts are expecting Rush Street to post earnings per share (EPS) of 11 cents.
“Over the last 2 years, RSI has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time,” according to Seeking Alpha.
Rush Street Interactive Stock Offers Some Advantages
The near-term fate of Rush Street Interactive stock likely hinges on the upcoming earnings report and any forward-looking guidance served by the operator. Over its history as a publicly traded company, Rush Street has displayed a knack for raising guidance.
As for the stock’s weakness this year, a case can be made it’s a baby being thrown out with the bath water as larger rivals are being taken to task amid prediction markets expansion fears.
On that front, it’s worth noting sportsbook operators aren’t ceding much market share to prediction markets in states where sports wagering is legal. Second, Rush Street Interactive is more of an iGaming company than it is a sportsbook operator. It also has significant exposure to fast-growing international markets, indicating it has more prediction markets protection than some investors are giving it credit for.
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