Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 34

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 balance at June 30, 20251,536,552 $4.63 Stock option activity for the six months ended June 30, 2024 was as follows:Number of optionsWeighted-average exercise priceOutstanding balance at December 31, 20231,971,611 $4.16 Granted630,897 5.79 Exercised— — Forfeited— — Outstanding balance at June 30, 20242,602,508 $4.56 The weighted-average grant-date fair value of options granted during the three and six months ended June 30, 2025 was nil and $6.70, respectively, compared to nil and $3.74 for the same respective periods in 2024. The aggregate fair value of the stock options granted during the three and six months ended June 30, 2025 was nil and $2.3 million, respectively, compared to nil and $2.4 million for the same respective periods in 2024. The outstanding stock options and exercisable stock options as of June 30, 2025 had an intrinsic value of $28.2 million and $15.8 million, respectively. As of June 30, 2025, the Company had unrecognized share-based compensation expense related to stock options of $4.1 million. The outstanding options had a remaining weighted-average vesting period of 1.06 years as of June 30, 2025.

F-17

Table of ContentsRUSH STREET INTERACTIVE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Share-based Compensation ExpenseShare-based compensation expense for the three and six months ended June 30, 2025 and 2024 was as follows:Three Months Ended June 30,Six Months Ended June 30,($ in thousands)2025202420252024Costs of revenue$79 $295 $142 $565 Sales and marketing955 690 4,279 1,260 General and administrative5,064 8,706 10,490 16,291 Total share-based compensation expense$6,098 $9,691 $14,911 $18,116 

9.    Income Taxes

Income tax (benefit) expense for the three and six months ended June 30, 2025 and 2024 was as follows