Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 34

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 ended September 30, 2024 was as follows:Number of optionsWeighted-average exercise priceOutstanding balance at December 31, 20231,971,611 $4.16 Granted630,897 5.79 Exercised(20,437)3.28 Forfeited— — Outstanding balance at September 30, 20242,582,071 $4.57 The weighted-average grant-date fair value of options granted during the three and nine months ended September 30, 2025 was nil and $6.70, respectively, compared to nil and $3.74 for the same respective periods in 2024. The aggregate fair value of the stock options granted during the three and nine months ended September 30, 2025 was nil and $2.3 million, respectively, compared to nil and $2.4 million for the same respective periods in 2024. The outstanding stock options and exercisable stock options as of September 30, 2025 had an intrinsic value of $44.5 million and $28.7 million, respectively. As of September 30, 2025, the Company had unrecognized share-based compensation expense related to stock options of $3.4 million. The outstanding options had a remaining weighted-average vesting period of 1.00 year as of September 30, 2025.

F-17

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

Share-based Compensation ExpenseShare-based compensation expense for the three and nine months ended September 30, 2025 and 2024 was as follows:Three Months Ended September 30,Nine Months Ended September 30,($ in thousands)2025202420252024Costs of revenue$81 $295 $223 $860 Sales and marketing969 606 5,248 1,866 General and administrative5,329 7,557 15,819 23,848 Total share-based compensation expense$6,379 $8,458 $21,290 $26,574 

9.    Income Taxes

Income tax expense (benefit) for the three and nine months ended September 30, 2025 and 2024 was as follows:Three Months Ended September 30,Nine Months Ended September 30,($ in thousands)202520