Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 56

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 56
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Non-controlling interest % as of December 31, 202460.00 %The non-controlling interests owned 67.51% and 70.55% of the RSILP Units outstanding as of December 31, 2023 and 2022, respectively. The following table summarizes the changes in non-controlling interests owned:Non-Controlling Interest %Non-controlling interest % as of December 31, 202270.55 %Issuance of Class A Common Stock upon RSILP Unit Exchanges(2.49)%Issuance of Class A Common Stock in connection with the vesting of restricted stock units(0.55)%Non-controlling interest % as of December 31, 202367.51 %Treasury Stock On October 24, 2024, the Board authorized the repurchase of an aggregate of up to $50 million of Class A Common Stock (the “Stock Repurchase Program”). Pursuant to the Stock Repurchase Program, the Company is authorized to repurchase shares of Class A Common Stock from time to time through open market purchases, privately negotiated transactions or other transactions in accordance with applicable securities laws. The timing and amount of repurchases depends on several factors, including market and business conditions, the trading price of the Class A Common Stock and the nature of other investment opportunities. The Stock Repurchase Program does not require the Company to acquire any specific number or amount of Class A Common Stock and may be limited, amended or terminated at any time. The Company may enter into Rule 10b5-1 plans from time to time to facilitate repurchases of Class A Common Stock in connection with its Stock Repurchase Program. During the year ended December 31, 2024, no Class A Common Stock was repurchased.

8.    Share-Based Compensation

Incentive PlanThe Company adopted the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan, as amended from time to time (the “2020 Plan”), to attract, retain and incentivize employees, certain consultants and directors who will contribute to the success of the Company. Awards that may be granted under the 2020 Plan include incentive stock options, non-qualified stock options, stock appreciation rights, restricted awards, performance share awards, cash awards and other equity-based awards. There is an aggregate of approximately 35.8 million shares of Class A Common Stock reserved under the 2020 Plan. The 2020 Plan will terminate on December