A Shareholder’s Disquiet

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It has come to my attention – and indeed, to the attention of anyone bothering to glance at the filings, which, let us be honest, is a dwindling number these days – that Mr. Richard Todd Schwartz, the esteemed Chief Executive of Rush Street Interactive, has seen fit to liberate some 247,114 shares from his personal holdings. A sum amounting to approximately $4.4 million, if one is inclined to count such things. And why wouldn’t one? It is, after all, money. Though, in the grand scheme of things, merely a trifle, a fleeting puff of smoke in the face of eternity. Still, a trifle worth noting.

A Transaction, or a Sign?

Metric Value
Shares Sold (Direct) 247,114
Transaction Value $4,352,517.73
Post-Transaction Shares (Direct) 949,048
Post-Transaction Value (Direct Ownership) $16.6 million

The particulars, as they are so blandly presented, are these. But what do they mean? This was, we are told, his largest single divestment. A rather robust pruning of the portfolio, if you will. Previously, his sales were… modest. Like a timid mouse releasing a few crumbs. Now, it is as if a rather portly badger has decided to shed a considerable portion of its winter coat. One wonders if the badger feels a chill coming on. Or perhaps it simply requires a larger waistcoat.

Following this transaction, Mr. Schwartz retains a mere 949,048 shares, representing a scant 0.97% of the company’s outstanding stock. A pittance, really. Enough to purchase a comfortable armchair, perhaps, but hardly enough to steer the ship. One suspects the armchair would be more useful.

The Company Itself: A Brief and Possibly Irrelevant Digression

Metric Value
Revenue (TTM) $1,063.70 million
Net Income (TTM) $30.09 million
Employees 883
1-year Price Change 3.55%

Rush Street Interactive, for those who have somehow managed to remain oblivious, operates in the curious realm of online casinos and sports betting. They brandish names like BetRivers.com and PlaySugarHouse.com – names that sound suspiciously like establishments one might find in a particularly gloomy corner of London. A corner frequented by gentlemen with questionable habits and an abundance of pocket watches.

The Approaching Report and the Curious Case of Hasbro

The quarterly earnings report for FY2025 looms large on the horizon, scheduled for February 17th, 2026. Expectations, naturally, are set at a rather optimistic pitch. The company, we are told, has been exceeding revenue expectations with alarming regularity. A feat akin to a performing bear riding a unicycle. Impressive, certainly, but one wonders about the long-term sustainability of such a spectacle.

And then there is the curious case of Hasbro. A toy manufacturer, of all things, venturing into the online casino industry. It is as if a baker decided to take up shipbuilding. One can only assume they intend to build a fleet of gingerbread galleons. The world, it seems, has gone quite mad.

RSI stock enjoyed a rather respectable 40% ascent in 2025. A pleasing trajectory, to be sure. But the online betting industry, while currently booming, is prone to fits of exuberance and periods of profound melancholy. Investors, therefore, might be well-advised to exercise a degree of caution before committing significant capital. Perhaps wait for the earnings report. Or, better yet, invest in gingerbread galleons. One never knows what the future may hold.

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2026-02-16 11:14