0000899243-21-014301.txt : 20210331 0000899243-21-014301.hdr.sgml : 20210331 20210331213822 ACCESSION NUMBER: 0000899243-21-014301 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210329 FILED AS OF DATE: 20210331 DATE AS OF CHANGE: 20210331 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: You Harry L. CENTRAL INDEX KEY: 0001432602 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39232 FILM NUMBER: 21795758 MAIL ADDRESS: STREET 1: EMC CORPORATION STREET 2: 176 SOUTH STREET CITY: HOPKINTON STATE: MA ZIP: 01748 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Rush Street Interactive, Inc. CENTRAL INDEX KEY: 0001793659 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 900 N. MICHIGAN AVENUE, SUITE 950 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 312-915-2815 MAIL ADDRESS: STREET 1: 900 N. MICHIGAN AVENUE, SUITE 950 CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: dMY Technology Group, Inc. DATE OF NAME CHANGE: 20191108 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2021-03-29 0 0001793659 Rush Street Interactive, Inc. RSI 0001432602 You Harry L. C/O RUSH STREET INTERACTIVE, INC. 900 N. MICHIGAN AVENUE, SUITE 950 CHICAGO IL 60611 1 0 0 0 Class A common stock 2021-03-29 4 M 0 3337500 11.50 A 3337500 I See Footnote Class A common stock 2021-03-29 4 D 0 2051596 18.708 D 1285904 I See Footnote Class A common stock 2021-03-29 4 S 0 70000 15.5653 D 1215904 I See Footnote Class A common stock 2021-03-30 4 S 0 552500 15.0108 D 663404 I See Footnote Private Placement Warrants (right to buy) 2021-03-29 4 M 0 3337500 0.00 D 2021-01-28 2025-12-29 Class A Common Stock 3337500 0 I See Footnote On March 29, 2021, the Reporting Person, exercised 3,337,500 warrants (the "Private Placement Warrants"), on a cashless basis pursuant to the Warrant Agreement, dated as of February 20, 2020, by and between the Issuer and Continental Stock Transfer & Trust Company (the "Warrant Agreement"), with each Private Placement Warrant exercisable for one share of Class A common stock per Private Placement Warrant at a price of $11.50 per share. The disposition of Class A common stock in connection with the cashless exercise was exempted pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended, by resolution of the board of directors of the Issuer prior to the disposition. These shares are held directly by RHY 2021 Irrevocable Trust (the "Trust"), of which the Reporting Person is the Investment Advisor. The Reporting Person may be deemed to have beneficial ownership of the shares held directly by the Trust. The Reporting Person disclaims beneficial ownership of such shares, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose. The Class A common stock was sold by the Trust in open market transactions on the transaction date, with a weighted average price of $15.5653. The range of the sale price on the transaction date was $15.25 to $16.215 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. The Class A common stock was sold by the Trust in open market transactions on the transaction date, with a volume weighted average price of $15.0108. The range of the sale price on the transaction date was $15.00 to $15.55 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. These Private Placement Warrants are held directly by the Trust, of which the Reporting Person is the Investment Advisor. The number of shares issuable upon a cashless exercise is determined, in accordance with Section 3.3.1(c) of the Warrant Agreement by dividing (x) the product of the number of shares of Class A common stock underlying the Private Placement Warrants multiplied by the difference between $11.50 and the Fair Market Value by (y) the Fair Market Value. For this purpose, the "Fair Market Value" is equal to the average closing price of the Issuer's Class A common stock for the ten (10) trading days ending on the third trading day prior to March 25, 2021. The Issuer has calculated the Fair Market Value to be $18.708. /s/ Harry You 2021-03-31