Carlin Trust Amends Rush Street Interactive Stake

TL;DR

Carlin Family Trust updated their 13D filing for RSI - check for changes in ownership.

AI Summary

Gregory A. Carlin, through the GREG & MARCY CARLIN FAMILY TRUST, filed an amendment (No. 5) to their Schedule 13D on October 11, 2024, regarding Rush Street Interactive, Inc. The filing indicates a change in the reporting person's holdings, with the date of the event requiring this filing being October 10, 2024. The previous filing was a Schedule 13G.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Rush Street Interactive, Inc., which could influence its stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's intentions or holdings, potentially impacting the company's stock.

Key Numbers

• 5 — Amendment Number (Indicates this is the fifth update to the filing.)
• October 11, 2024 — Filing Date (Date the amendment was submitted to the SEC.)
• October 10, 2024 — Event Date (Date of the event that triggered this filing.)

Key Players & Entities

• Gregory A. Carlin (person) — Reporting Person
• GREG & MARCY CARLIN FAMILY TRUST (company) — Filing Entity
• Rush Street Interactive, Inc. (company) — Subject Company
• dMY Technology Group, Inc. (company) — Former Company Name

FAQ

Filing Documents

• tm2426067d1_sc13da.htm (SC 13D/A) — 52KB
• tm2426067d1_ex-17.htm (EX-17) — 43KB
• 0001104659-24-108152.txt ( ) — 96KB

From the Filing

SC 13D/A 1 tm2426067d1_sc13da.htm SC 13D/A UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 5)* Rush Street Interactive, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 233253 103 (CUSIP Number) Gregory A. Carlin c/o Crowell & Moring, LLP 455 N. Cityfront Plaza Suite 3600 Chicago, IL 60611 (312) 840-3102 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) (Date of Event Which Requires Filing of this Statement) October 10, 2024 If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 233253 103 Schedule 13D Page 2 of 5 1 NAMES OF REPORTING PERSONS Gregory A. Carlin 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 16,691,581 (1) 8 SHARED VOTING POWER 258,906 (2) 9 SOLE DISPOSITIVE POWER 16,691,581 (1) 10 SHARED DISPOSITIVE POWER 258,906 (2) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,950,487 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.52% (3) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN (1)Represents (i) 1,858,936 shares of Class A Common Stock and 9,873,639 shares of Class V Common Stock held of record by Mr. Carlin; and (ii) 0 shares of Class A Common Stock and 4,959,006 shares of Class V Common Stock held of record by the Greg and Marcy Carlin Family Trust for which Mr. Carlin, as a trustee of the Greg and Marcy Carlin Family Trust, may be deemed to be a beneficial owner. (2)Represents 258,906 shares of Class V Common Stock held of record by Rush Street Interactive GP, LLC (“RSI GP”), for which Mr. Carlin may be deemed to be a beneficial owner. (3)Based on information provided by the Issuer in its Quarterly Report on Form 10-Q for the period ended June 30, 2024 as filed with the SEC on August 1, 2024, the Issuer reported 83,108,062 shares of Class A Common Stock and 142,404,310 shares of Class V Common Stock outstanding on July 31, 2024. The Class V Common Stock (together with an equal number of corresponding RSI Units) are convertible into an equivalent number of shares of Class A Common Stock, and, prior to such exchange, the Class V Common Stock votes together with the Class A Common Stock on all matters and accordingly provides as-converted voting rights to holders of RSI Units. In accordance with the SEC’s rules for calculating “beneficial ownership,” which requires the Reporting Person to assume conversion of all of such person’s shares of Class V Common Stock and RSI Units (and disregard Class V Common Stock held by other persons, notwithstanding their current voting rights), the Reporting Person would be deemed to beneficially own approximately 20.40% of the outstanding shares of Class A Common Stock, provided that, 7.52% would nevertheless represent the Reporting Person’s actual economic and voting interest in the Issuer. CUSIP No. 233253 103 Schedule 13D Page 3 of 5 1 NAMES OF REPORTING PERSONS Greg and Marcy Carlin Family Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 4,959,006 (1) 8 SH

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