Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 32

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 expected life (in years)2.82.8Dividend yieldNoneNoneStock price at grant date$10.70$5.79

F-15

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

RSU activity for the six months ended June 30, 2025 and 2024 was as follows:Number of unitsWeighted-average grant priceUnvested balance at December 31, 20249,965,432 $6.06 Granted1,247,598 12.12 Additional shares based on performance(1)1,055,328 21.19 Vested(2)(5,140,124)3.89 Forfeited(70,679)6.13 Unvested balance at June 30, 20257,057,555 $7.80 Unvested balance at December 31, 20239,218,142 $5.70 Granted3,141,410 7.06 Vested(2)(2,008,720)5.03 Forfeited(69,295)7.75 Unvested balance at June 30, 202410,281,537 $6.23 ______________________________(1)RSUs with market conditions include a performance achievement multiplier that is assessed upon vesting of the shares. RSUs with market conditions vested during the six months ended June 30, 2025, resulting in the issuance of shares incremental to the initial target when the conditions were met.(2)Includes 479,552 and 297,320 of RSUs that vested during the six months ended June 30, 2025 and 2024, respectively, but the resulting shares of Class A Common Stock have not yet been issued. There were 985,588 and 549,039 RSUs that vested for which the resulting shares of Class A Common Stock were not issued as of June 30, 2025 and 2024, respectively.The aggregate fair value of the RSUs granted during the three and six months ended June 30, 2025 was approximately $1.4 million and $15.1 million, respectively, compared to the aggregate fair value of the RSUs granted of approximately $1.2 million and $22.2 million for the same respective periods in 2024. The aggregate grant date