Insider Trading April 17, 2026 05:07 PM

Rush Street Interactive Director Disposes $1.1M in Class A Shares; Company Posts Strong Q4 Metrics

Director Judith Gold sells 48,286 RSI shares as the company reports accelerating iCasino user growth and receives multiple analyst upgrades

By Sofia Navarro RSI
Rush Street Interactive Director Disposes $1.1M in Class A Shares; Company Posts Strong Q4 Metrics
RSI

Judith Gold, a director at Rush Street Interactive, sold 48,286 shares of Class A Common Stock on April 17, 2026, for a weighted average price of $23.071, generating $1,114,006 in proceeds. The transaction took place while the stock traded near its 52-week high and after the company posted better-than-expected fourth-quarter results and growth in monthly active users. The sale was part of a pre-arranged 10b5-1 plan and coincided with related unit-to-share conversion activity by Gold’s spouse. Analysts have maintained or initiated Buy ratings and higher price targets following the quarter.

Key Points

  • Director Judith Gold sold 48,286 Class A shares on April 17, 2026, at a weighted average price of $23.071, totaling $1,114,006; prices ranged from $23.00 to $23.26.
  • On the same day, Gold’s spouse converted 48,286 Class A Common Units into 48,286 Class A shares and canceled an equal number of Class V Voting Stock shares; the transactions were executed under a pre-arranged 10b5-1 trading plan.
  • Rush Street Interactive reported Q4 results that beat expectations, provided 2026 guidance above consensus, and recorded a 51% YoY increase in monthly active users in North American iCasino markets during Q4 2025.

Judith Gold, who serves on the board of Rush Street Interactive, Inc. (NASDAQ:RSI), executed a sale of 48,286 shares of Class A Common Stock on April 17, 2026. The shares were disposed of at a weighted average price of $23.071, yielding a total transaction value of $1,114,006. Reported prices for the sale ranged from $23.00 to $23.26.

The sale occurred while RSI was trading close to its 52-week high of $23.15, according to InvestingPro data. At the time of reporting, the stock was quoted at $22.89. InvestingPro analysis cited in the company data places a Fair Value at $28.14, and lists Rush Street Interactive on a Most Undervalued list.

On the same day as the sale, Ms. Gold’s spouse completed an exchange that converted 48,286 Class A Common Units into 48,286 shares of Class A Common Stock. In that conversion, an equal number of Class V Voting Stock shares previously held by Ms. Gold’s spouse were canceled. The filings indicate these actions were carried out under the terms of a pre-arranged 10b5-1 trading plan.

Following the transactions, Ms. Gold is reported to directly own 119,597 shares of Rush Street Interactive Class A Common Stock. Those shares are held in the Daniel S. Kotcher Revocable Trust, for which Ms. Gold is named as a beneficiary.


Separately, Rush Street Interactive released fourth-quarter results that exceeded expectations and offered guidance for 2026 that topped consensus estimates. The company reported a 51% year-over-year increase in monthly active users in North American iCasino markets during the fourth quarter of 2025, achieved without entering new markets.

Several analysts and firms reacted to the quarterly performance. Benchmark retained a Buy rating on the stock and set a $24.00 price target, highlighting the company’s casino-first strategy and operational efficiency. Freedom Capital Markets began coverage with a Buy rating and assigned a $25.00 price target, citing a fiscal 2028 estimate of $355 million in adjusted EBITDA. Citizens upgraded the stock to Market Outperform, pointing to a robust business model and strong iGaming growth.

Rush Street Interactive’s monthly active user growth accelerated through 2025, finishing the year with a 37% increase, a pace the company’s filings say outperformed larger peers. Analyst Mike Hickey of Benchmark observed sustained strength in the North American online casino market and suggested the company could potentially outperform in the first quarter of 2026.

The insider sale, the simultaneous conversion of units to shares by Ms. Gold’s spouse, and the refreshed analyst coverage followed the quarter’s results and the updated guidance. The transaction was completed under the parameters of a 10b5-1 plan, as disclosed in regulatory filings.


Market participants and observers may factor the director’s sale and the related unit conversion into assessments of insider liquidity and ownership structure, while the company’s reported operating metrics and analyst endorsements provide the contemporaneous fundamental context for the stock.

Risks

  • Insider sale may be interpreted by some investors as a reduction in insider ownership; this can affect investor sentiment in the gaming and broader consumer discretionary sectors.
  • The company’s valuation metrics and analyst price targets diverge from current market pricing - InvestingPro lists a Fair Value of $28.14 while the stock traded near $22.89, creating uncertainty about near-term upside.
  • Operational performance and guidance are forward-looking and subject to execution risk; market reception of updated guidance and user-growth trends can affect volatility in the iGaming and online casino markets.

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