{
  "id": 19750144,
  "title": "Rush Street Interactive CEO Richard Schwartz sells $69,003 in shares",
  "url": "https://urgent.news/2026/11/13/rush-street-interactive-ceo-richard-schwartz-sells-69-003-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T03:31:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/rush-street-interactive-ceo-richard-schwartz-sells-69003-in-shares-93CH-5024033"
  },
  "original_language": "en",
  "account": "Richard Schwartz, the CEO of Rush Street Interactive, sold 5,490 shares of the company's Class A Common Stock on November 9, 2026, fetching a total of $69,003. This sale was part of a pre-arranged trading plan under the rules of 10b5-1. The stock was trading near its 52-week low of $11.27, a 56% drop over the past six months. Despite this decline, InvestingPro's analysis indicated the stock was undervalued, trading below its Fair Value. The Pro Research Report on Rush Street Interactive, one of 1,400+ US equities covered, and 16 ProTips were available for deeper analysis. The shares sold belonged to Schwartz himself, held directly in his account, and also to affiliated trusts. These trusts exchanged Class A Common Units of Rush Street Interactive, L.P., for an equal amount of Class A Common Stock shares. Concurrently, an equivalent number of Class V Voting Stock shares were canceled. Meanwhile, Rush Street Interactive reported its Q3 2026 earnings, beating Wall Street's expectations with earnings per share of $0.15, compared to the projected $0.14. Revenue was $385.9 million, slightly below the expected $390.8 million. Despite the revenue shortfall, the company's sales increased by 39% year-over-year, and adjusted EBITDA rose 73% to $62.2 million. Citizens lowered its price target for Rush Street Interactive from $34 to $24, citing concerns about slowing growth but retained its Market Outperform rating. The company also revised its valuation multiple to 15 times the estimated EV/EBITDA for 2027, down from a previous 22 times.",
  "summary": null,
  "key_points": [
    "CEO Richard Schwartz sold 5,490 shares worth $69,003 on November 9, 2026",
    "Shares sold at $11.27, down 56% from six months prior",
    "Rush Street Interactive reported Q3 2026 earnings beating expectations"
  ],
  "editors_take": "Executing sales through a pre-arranged trading plan allows leadership to liquidate positions despite recent stock volatility and downward revisions to the company's valuation multiples by analysts.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}