Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 32

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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:Number of unitsWeighted-average grant priceUnvested balance at December 31, 20249,965,432 $6.06 Granted1,290,065 12.18 Additional shares based on performance(1)1,055,328 21.19 Vested(2)(5,383,812)3.90 Forfeited(98,041)5.88 Unvested balance at September 30, 20256,828,972 $7.99 Unvested balance at December 31, 20239,218,142 $5.70 Granted3,160,031 7.07 Vested(2)(2,375,975)5.47 Forfeited(95,372)8.52 Unvested balance at September 30, 20249,906,826 $6.16 ______________________________(1)RSUs with market conditions include a performance achievement multiplier that is assessed upon vesting of the shares. RSUs with market conditions vested during the nine months ended September 30, 2025, resulting in the issuance of shares incremental to the initial target when the conditions were met.(2)Includes 493,650 and 311,418 of RSUs that vested during the nine months ended September 30, 2025 and 2024, respectively, but the resulting shares of Class A Common Stock have not yet been issued. There were 999,686 and 563,137 RSUs that vested for which the resulting shares of Class A Common Stock were not issued as of September 30, 2025 and 2024, respectively.The aggregate fair value of the RSUs granted during the three and nine months ended September 30, 2025 was approximately $0.6 million and $15.7 million, respectively, compared to the aggregate fair value of the RSUs granted of approximately $0.2 million and $22.3 million for the same respective periods in 2024. The aggregate grant date fair value of RSUs vested during the three and nine months ended September 30, 2025 was approximately $1.0 million and $21.0 million, respectively, compared to $2.9 million and $13.0 million for the same respective periods in 2024. As of September 30, 2025, the Company had unrecognized share-based compensation expense related to RSUs of