Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 33

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 $32.5 million. The outstanding RSUs had a remaining weighted-average vesting period of 1.08 years as of September 30, 2025. During the nine months ended September 30, 2025 and 2024, the Company withheld 1,809,314 and 87,161 shares, respectively, of its Class A Common Stock associated with the tax withholding obligations due from employees upon the vesting of equity-based awards. The shares were withheld at an average price of $13.54 and $10.74 per share, respectively. The total cost of the net shares withheld for employee taxes was approximately $24.5 million and $0.9 million during the nine months ended September 30, 2025 and 2024, respectively and was accounted for as a reduction in additional paid-in capital.

F-16

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

Stock OptionsThe Company granted 344,391 and 630,897 stock options during the nine months ended September 30, 2025 and 2024, respectively. The estimated grant date fair value of stock options was determined using a Black-Scholes valuation model using the following weighted-average assumptions:Nine Months EndedSeptember 30,20252024Volatility rate65.00 %68.00 %Risk-free interest rate4.10 %4.30 %Expected term(1) (in years)6.06.0Dividend yieldNoneNoneStock price at grant date$10.70$5.79Exercise price$10.70$5.79____________________________(1)Calculated using the simplified method (the midpoint between the requisite service period and the contractual term of the option) due to the Company’s insufficient historical exercise information to provide a basis for an estimate.Stock option activity for the nine months ended September 30, 2025 was as follows:Number of optionsWeighted-average exercise priceOutstanding balance at December 31, 20242,582,071 $4.57 Granted344,391 10.70 Exercised— — Forfeited— — Outstanding balance at September 30, 20252,926,462 $5.29 Exercisable balance at September 30, 20251,799,997 $4.54 Stock option activity for the nine months