Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 59

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 59
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06.05.6Dividend yieldNoneNoneNoneStock price at grant date$5.79$3.28$4.07Exercise price$5.79$3.28$4.07_     ____________________________(1)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 years ended December 31, 2024 and 2023 was as follows:Number of UnitsWeighted average exercise priceOutstanding balance at December 31, 2022887,166 $5.24 Granted1,084,445 3.28 Exercised— — Forfeited— — Outstanding balance at December 31, 20231,971,611 4.16 Granted630,897 5.79 Exercised(20,437)3.28 Forfeited— — Outstanding balance at December 31, 20242,582,071 $4.57 Exercisable balance at December 31, 2024964,769 $4.88 The weighted-average grant-date fair values of options granted during the years ended December 31, 2024, 2023 and 2022 were $3.74, $2.14 and $2.26 per share, respectively. The aggregate fair value of the stock options granted during the years ended December 31, 2024, 2023 and 2022, was $2.4 million, $2.3 million and $1.8 million, respectively. The outstanding stock options and exercisable stock options as of December 31, 2024 had an intrinsic value of $23.8 million and $8.7 million, respectively. As of December 31, 2024, the Company had unrecognized stock-based compensation expense related to stock options of $3.0 million, which is expected to be recognized over the remaining weighted-average vesting period of 0.9 year.

F-30

Table of ContentsRUSH STREET INTERACTIVE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Recognition of Compensation CostsShare-based compensation expense for the years ended December 31, 2024, 2023 and 2022 was as follows:Years EndedDecember 31,($ in thousands)202420232022Cost