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

Company: Rush Street Interactive, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Stock0.13 %Non-controlling interests ownership % as of March 31, 2025:58.41 %

F-13

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

 Non-controlling interests owned 64.64% and 67.51% of the RSILP Units outstanding as of March 31, 2024 and December 31, 2023, respectively. The table below illustrates a rollforward of the non-controlling interests’ ownership during the three months ended March 31, 2024:Non-Controlling Interest %Non-controlling interests ownership % as of December 31, 2023:67.51 %Issuance of Class A Common Stock upon RSILP Unit Exchanges(2.26)%Issuance of Class A Common Stock under the equity compensation plan(0.61)%Non-controlling interests ownership % as of March 31, 2024:64.64 %Treasury Stock On October 24, 2024, the Board of Directors authorized the repurchase of an aggregate of up to $50 million of the Company’s Class A Common Stock (the “Stock Repurchase Program”) through open market purchases, privately negotiated transactions or other transactions in accordance with applicable securities laws. During the three months ended March 31, 2025, 498,622 shares of Class A Common Stock were repurchased pursuant to the Stock Repurchase Program for an aggregate purchase price of approximately $5.2 million at an average price of $10.35. The repurchased shares are considered issued but not outstanding.

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 29, 2030. Restricted Stock Units (“RSUs”)The Company granted