Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 57

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 57
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29, 2030.Restricted Stock Units (“RSUs”)The Company granted 2.8 million, 2.5 million and 3.9 million RSUs with service conditions, during the years ended December 31, 2024, 2023 and 2022, respectively. RSUs with service conditions generally vest over a three to four year period, with each tranche vesting annually. The grant date fair value of RSUs with service conditions is determined based on the quoted market price.

F-28

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

The Company granted 1.2 million, 1.5 million and 1.6 million RSUs with market-based conditions (e.g., total shareholder return) during the years ended December 31, 2024, 2023 and 2022, respectively. RSUs with market-based conditions generally vest over a three year period and the fair value was determined using a Monte Carlo simulation using the following assumptions during the years ended December 31:202420232022Volatility rate68.48 %69.78%70.93% to 71.00%Risk-free interest rate4.55 % 3.85%4.32% to 4.39%Average expected life (in years)2.82.8 2.3 to 3.0Dividend yieldNoneNoneNoneStock price at grant date$5.79$3.28$3.95       RSU activity for the years ended December 31, 2024 and 2023 was as follows:Number ofUnitsWeighted average grant priceUnvested balance at December 31, 20227,492,613 $7.48 Granted4,030,535 4.12 Vested(1)(2,221,870)8.71 Forfeited(83,136)9.52 Unvested balance at December 31, 20239,218,142 $5.70 Granted3,973,471 8.32 Vested(1)(3,084,207)7.83 Forfeited(141,974)7.52 Unvested balance at December 31, 20249,965,432 $6.06 _____________________________(1)Include 561,774 and 467,712 of RSUs that vested during the