--- title: "Insider Selling: TODD RICHARD SCHWARTZ Unloads $20.38M Of Rush Street Interactive Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/285576536.md" description: "On May 6, Todd Richard Schwartz, CEO of Rush Street Interactive (NYSE:RSI), sold 816,500 shares for $20.38 million, as reported in a recent SEC filing. Following the sale, Rush Street Interactive's stock fell 1.2% to $27.85. The company, which specializes in online gaming and sports betting, reported a revenue growth of 41.14% in Q1 2026 but has a low gross margin of 35.69% and an EPS of 0.09. The current P/E ratio stands at 81.94, indicating potential overvaluation. Insider transactions can influence investor decisions, though they should not be the sole basis for investment choices." datetime: "2026-05-07T15:03:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285576536.md) - [en](https://longbridge.com/en/news/285576536.md) - [zh-HK](https://longbridge.com/zh-HK/news/285576536.md) --- # Insider Selling: TODD RICHARD SCHWARTZ Unloads $20.38M Of Rush Street Interactive Stock Revealing a significant insider sell on May 6, **TODD RICHARD SCHWARTZ**, Chief Executive Officer at **Rush Street Interactive** (NYSE:RSI), as per the latest SEC filing. **What Happened:** According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, SCHWARTZ sold 816,500 shares of **Rush Street Interactive**. The total transaction value is $20,379,840. **Rush Street Interactive** shares are trading down 1.2% at $27.85 at the time of this writing on Thursday morning. ### Get to Know Rush Street Interactive Better Rush Street Interactive Inc is an online gaming and entertainment company that focuses on online casinos and online sports betting in the U.S. and Latin American markets. It provides customers with an array of gaming offerings such as real-money online casinos, online sports betting, and retail sports betting, as well as social gaming, which involves free-to-play games that use virtual credits that can be earned or purchased. The company generates revenue by offering online casinos, online sports betting, and social gaming directly to the end customer through its websites or apps. The company generates revenue through business-to-consumer (B2C) and business-to-business (B2B) models. ### Rush Street Interactive: Financial Performance Dissected **Revenue Growth:** Rush Street Interactive's remarkable performance in 3 months is evident. As of 31 March, 2026, the company achieved an impressive revenue growth rate of **41.14%**. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector. **Exploring Profitability:** - Gross Margin: The company issues a cost efficiency warning with a low gross margin of 35.69%, indicating potential difficulties in maintaining profitability compared to its peers. - Earnings per Share (EPS): Rush Street Interactive's EPS reflects a decline, falling below the industry average with a current EPS of 0.09. **Debt Management:** The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at **0.03**. **Market Valuation:** - Price to Earnings (P/E) Ratio: Rush Street Interactive's current Price to Earnings (P/E) ratio of 81.94 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment. - Price to Sales (P/S) Ratio: The current P/S ratio of 4.58 is above industry norms, reflecting an elevated valuation for Rush Street Interactive's stock and potential overvaluation based on sales performance. - EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Boasting an EV/EBITDA ratio of 16.4, Rush Street Interactive demonstrates a robust market valuation, outperforming industry benchmarks. **Market Capitalization:** Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges. ### Understanding the Significance of Insider Transactions While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process. In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction. Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock. Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors. ### A Closer Look at Important Transaction Codes Digging into the details of stock transactions, investors frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A **P** in Box 3 indicates a purchase, while **S** signifies a sale. Transaction code **C** signals the conversion of an option, and transaction code **A** denotes a grant, award, or other acquisition of securities from the company. Check Out The Full List Of Rush Street Interactive's Insider Trades. _This article was generated by Benzinga's automated content engine and reviewed by an editor._ ### Related Stocks - [RSI.US](https://longbridge.com/en/quote/RSI.US.md) - [BJK.US](https://longbridge.com/en/quote/BJK.US.md) - [BETZ.US](https://longbridge.com/en/quote/BETZ.US.md) ## Related News & Research - [Flutter Director and Associate Purchase Shares in Market Transaction](https://longbridge.com/en/news/286367543.md) - [DraftKings Eyes Prediction Markets as ‘Next Evolution’ as Sportsbook Growth Holds Strong](https://longbridge.com/en/news/286638918.md) - [Xbox fans want exclusives, more backward compatibility, and free online multiplayer](https://longbridge.com/en/news/286906029.md) - [Trade Futures Online: Regulated Access to Global Markets](https://longbridge.com/en/news/286775350.md) - [Water Quality Reports Available Online for New Jersey American Water Customers | AWK Stock News](https://longbridge.com/en/news/286463075.md)