Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 58

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 58
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 years ended December 31, 2024 and 2023, respectively, for which the resulting shares of Class A Common Stock have not yet been issued. There were 532,010 and 1,104,629 RSUs that vested for which the resulting shares of Class A Common Stock were not issued as of December 31, 2024 and 2023, respectively.The weighted-average grant-date fair values of RSUs granted during the years ended December 31, 2024, 2023 and 2022 were $8.32, $4.12 and $4.17 per share, respectively. The aggregate fair value of the RSUs granted during the years ended December 31, 2024, 2023 and 2022, was approximately $33.0 million, $16.6 million and $23.1 million, respectively. The aggregate grant date fair value of the RSUs vested during the years ended December 31, 2024, 2023 and 2022, was approximately $24.1 million $19.3 million and $15.0 million, respectively.As of December 31, 2024, the Company had unrecognized stock-based compensation expense related to RSUs of $36.7 million, which is expected to be recognized over the remaining weighted-average vesting period of 1.1 years.The Company withheld 239,518 shares of its Class A Common Stock associated with the tax withholding obligations due from employees upon the vesting of equity-based awards at an average price of $12.47 and a total cost of $3.0 million during the year ended December 31, 2024, compared to nil shares for the same period in 2023.

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Table of ContentsRUSH STREET INTERACTIVE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Stock OptionsThe Company granted 0.6 million, 1.1 million and 0.8 million stock options during the years ended December 31, 2024, 2023 and 2022, respectively. The estimated grant date fair value of stock options was determined using a Black-Scholes valuation model using the following weighted-average assumptions during the years ended December 31:202420232022Volatility rate68.00 %70.00 %58.98 %Risk-free interest rate4.30 %3.80 %3.68 %Expected term(1) (in years)6.