Company: RSI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001793659-25-000111
Chunk: 28

Company: Rush Street Interactive, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
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 three months ended March 31, 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 March 31, 20252,926,462 $5.29 Exercisable balance at March 31, 20251,536,552 $4.63 Stock option activity for the three months ended March 31, 2024 was as follows:Number of optionsWeighted-average exercise priceOutstanding balance at December 31, 20231,971,611 $4.16 Granted630,897 5.79 Exercised— — Forfeited— — Outstanding balance at March 31, 20242,602,508 $4.56 The weighted-average grant-date fair value of options granted during the three months ended March 31, 2025 and 2024 was $6.70 and $3.74, respectively. The aggregate fair value of the stock options granted during the three months ended March 31, 2025 and 2024 was $2.3 million and $2.4 million, respectively. The outstanding stock options and exercisable stock options as of March 31, 2025 had an intrinsic value of $16.4 million and $9.8 million, respectively. As of March 31, 2025, the Company had unrecognized share-based compensation expense related to stock options of $4.8 million. The outstanding options had a remaining weighted-average vesting period of 1.14 years as of March 31, 2025.

F-16

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

Share-based Compensation ExpenseShare-based compensation expense for the three months ended March 31, 2025 and 2024 was as follows:Three Months Ended March 31,($ in thousands)20252024Costs of revenue$63 $270 Sales and marketing3,324