Company: RSI
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001793659-25-000098
Chunk: 45

Company: Rush Street Interactive, Inc.
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 45
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 NEOs are required to be employed on the day the annual bonus was paid. The target percentage for each executive’s annual bonus is initially based on the amount outlined in their employment letter and is reviewed annually by the Compensation Committee. During 2024, our NEOs maintained their same target annual bonus percentages from 2023.

For 2024, the NEO annual cash bonuses were weighted as follows: (a) 67% based on the Company achieving the financial goals ("Corporate Goals") described below, which were set by the Compensation Committee, and (b) 33% based on individual goals for each NEO, which may include qualitative and quantitative components, which may be discretionary and/or subjective in nature.

The Corporate Goals for 2024 were for the Company to achieve a certain (a) annual revenue amount calculated in accordance with U.S. Generally Accepted Accounting Principles, which was weighted to account for 33% of the Corporate Goals achievement, and (b) annual amount of total consolidated Adjusted EBITDA 1 , which was weighted to account for 67% of the Corporate Goals achievement. These Corporate Goals have scaling targets that range from a minimum payout of 0% to a maximum payout of up to 150% of target. Payout percentages are generally interpolated between tiers upon achievement. These financial performance goals typically require meaningful year-over-year growth in order for the target awards to be paid out at or above the target amount.

Our 2024 Corporate Goals results each exceeded the maximum goals set under the annual cash bonus incentive program resulting in a maximum payout for each of our NEO’s equal to 150% of the total target payout opportunity for that component of the annual cash

1 Adjusted EBITDA is a non-GAAP measure that we define as net income (loss) before interest expense, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments. Adjusted EBITDA excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash or are not related to our underlying business performance. Please refer to our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, for a reconciliation to the most directly comparable GAAP measure.

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bonus. The Compensation Committee also evaluated the achievement of the individual goals of each NEO and determined the appropriate annual cash bonus payout amount attributable to those goals.