Company: RSI
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001793659-25-000098
Chunk: 59

Company: Rush Street Interactive, Inc.
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 59
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 with Mr. Mattias Stetz, our Chief Operating Officer (the “Stetz Letter”). The Stetz Letter superseded and replaced the employment letter that we previously entered into with Mr. Stetz. Pursuant to the Stetz Letter, Mr. Stetz continues to serve as our Chief Operating Officer. For his service as our Chief Operating Officer, we generally agree to provide Mr. Stetz with (a) an annual base salary of $440,000, (b) eligibility to participate in our discretionary bonus plan with a target annual bonus equal to 80% of base salary and with the actual bonus payment amount to be equal to an amount between 50% and 110% of base salary based on the achievement of corporate/financial and individual objectives, (c) eligibility to receive annual awards of stock options or shares/units under the long-term incentive compensation plan with a value of annual awards equal to 2.6 times Mr. Stetz’s base salary, subject to both time-based and performance-based vesting (with the final amount to be determined by the Board or applicable committee thereof, at the time of approval of such awards), and (d) eligibility to participate in any employee benefit plans generally available to our employees. Under a separate restrictive covenant agreement, Mr. Stetz is subject to certain restrictive covenants, including, but not limited to, confidentiality, and during the employment term and for an 18-month post-employment period, non-disparagement, noncompete and non-solicitation of customers and employees.

The other terms of the Stetz Letter, including the rights, obligations, covenants, Severance Benefits and Change of Control Severance Benefits are substantially identical to those described above with respect to the Schwartz Letter.

Einar Roosileht. Mr. Roosileht entered into, through a corporate entity owned by Mr. Roosileht, a business consulting agreement with us to provide certain technology and development-related services to our Company. Pursuant to the agreement, Mr. Roosileht agreed to oversee and advise on technology development projects undertaken by our development organization in Estonia and certain third-party contractors as specified by the Company. The business consulting agreement provides for a monthly base salary of €15,000, which may be reduced for the immediately subsequent calendar quarter by up to ten percent (10%) in the event any service performed by Mr. Roosileht is not accepted on initial review by the Company.

The term of the agreement continues until terminated pursuant to its terms.