Carlin Trust Amends Rush Street Interactive Stake Filing
Ticker: RSI · Form: SC 13D/A · Filed: Nov 27, 2024 · CIK: 1793659
Sentiment: neutral
Topics: amendment, shareholder-filing, ownership-change
Related Tickers: RSI
TL;DR
Carlin Family Trust updated their 13D filing for RSI, check for new stake details.
AI Summary
Gregory A. Carlin, through the GREG & MARCY CARLIN FAMILY TRUST, filed an amendment (No. 7) to their Schedule 13D on November 27, 2024, regarding their holdings in Rush Street Interactive, Inc. The filing indicates a change in the date of the event requiring this filing to November 25, 2024. This amendment follows a previous filing where the entity was known as dMY Technology Group, Inc.
Why It Matters
This filing updates information for a significant shareholder of Rush Street Interactive, Inc., potentially signaling changes in their investment strategy or holdings.
Risk Assessment
Risk Level: medium — Schedule 13D filings often involve significant shareholders, and amendments can signal changes in control or investment strategy, which carry inherent risks.
Key Players & Entities
- Gregory A. Carlin (person) — Filing 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
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment (No. 7) to a Schedule 13D, indicating a change in the information previously reported by the filing person regarding their beneficial ownership of Rush Street Interactive, Inc. securities.
Who is the primary filing person for this amendment?
The primary filing person is Gregory A. Carlin, filing on behalf of the GREG & MARCY CARLIN FAMILY TRUST.
What is the subject company of this filing?
The subject company is Rush Street Interactive, Inc.
When was the date of the event that requires this filing?
The date of the event which requires filing of this statement is November 25, 2024.
Was Rush Street Interactive, Inc. always known by this name for this filing?
No, the filing mentions a former company name of 'dMY Technology Group, Inc.' with a date of name change on November 8, 2019.
Filing Stats: 2,251 words · 9 min read · ~8 pages · Grade level 8.7 · Accepted 2024-11-27 16:47:40
Key Financial Figures
- $10.78 — ple transactions at prices ranging from $10.78 to $11.00. The Reporting Persons undert
- $11.00 — ctions at prices ranging from $10.78 to $11.00. The Reporting Persons undertake to pro
- $10.70 — ple transactions at prices ranging from $10.70 to $11.13. 3 This is a weighted averag
- $11.13 — ctions at prices ranging from $10.70 to $11.13. 3 This is a weighted average price. T
- $11.10 — ctions at prices ranging from $11.00 to $11.10. 4 This is a weighted average price. T
- $11.95 — ple transactions at prices ranging from $11.95 to $12.18. 5 This is a weighted averag
- $12.18 — ctions at prices ranging from $11.95 to $12.18. 5 This is a weighted average price. T
- $12.00 — ple transactions at prices ranging from $12.00 to $12.43. 6 This is a weighted averag
- $12.43 — ctions at prices ranging from $12.00 to $12.43. 6 This is a weighted average price. T
- $11.08 — ple transactions at prices ranging from $11.08 to $11.30. 7 This is a weighted averag
- $11.30 — ctions at prices ranging from $11.08 to $11.30. 7 This is a weighted average price. T
- $11.32 — ple transactions at prices ranging from $11.32 to $11.68. 8 This is a weighted averag
- $11.68 — ctions at prices ranging from $11.32 to $11.68. 8 This is a weighted average price. T
- $13.00 — ple transactions at prices ranging from $13.00 to $13.44. 9 This is a weighted averag
- $13.44 — ctions at prices ranging from $13.00 to $13.44. 9 This is a weighted average price. T
Filing Documents
- tm2429633d1_sc13da.htm (SC 13D/A) — 75KB
- 0001104659-24-123733.txt ( ) — 76KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
(a), (b) and (c) of the 13D
Item 5(a), (b) and (c) of the 13D are each hereby amended and restated in their entirety as follows: (a) and (b) The percentage of beneficial ownership in this Schedule 13D is based on an aggregate of 88,607,034 shares of Class A Common Stock and 137,088,928 shares of Class V Common Stock reported by the Issuer as outstanding on October 30, 2024, based on information provided by the Issuer in its Quarterly Report on Form 10-Q for the period ended September 30, 2024 as filed with the SEC on October 31, 2024. Class A Common Stock and Class V Common Stock vote together on all matters as a single class, including on the election of directors to the Issuer’s board. The aggregate number of shares of Class V Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. Mr. Carlin is the direct beneficial owner of 0 shares of Class A Common Stock and 6,873,639 shares of Class V Common Stock. The Greg and Marcy Carlin Family Trust is the direct beneficial owner of 423,560 shares of Class A Common Stock and 4,309,006 shares of Class V Common Stock. Mr. Carlin is a trustee of the Greg and Marcy Carlin Family Trust. RSI GP is the direct beneficial owner of 1,362,663 shares of Class V Common Stock. Mr. Carlin is no longer a member of the board of managers of RSI GP. Mr. Carlin owns 19% of the units of RSI GP and may be deemed to possess indirect beneficial ownership of the shares of Class V Common Stock held by RSI GP. Mr. Carlin disclaims beneficial ownership of the securities held by RSI GP, except to the extent of his proportionate ownership and pecuniary interest in such securiti
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits
of the 13D is hereby amended
Item 7 of the 13D is hereby amended and supplemented as follows: Exhibit 19 Schedule of Transactions, in response to Item 5(c) CUSIP No. 233253 103 Schedule 13D Page 5 of 5 SIGNATURE After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 27, 2024 /s/ Gregory A. Carlin Gregory A. Carlin GREG AND MARCY CARLIN FAMILY TRUST By: /s/ Gregory A. Carlin Name: Gregory A. Carlin, Trustee Exhibit 19 Schedule of Transactions Name Date Nature of Transaction Amount of Shares Price per Share or Weighted Average Price per Share Gregory A. Carlin 11/1/2024 Sale 363,500 $ 10.90 1 Gregory A. Carlin 11/4/2024 Sale 500,000 $ 11.05 Gregory A. Carlin 11/6/2024 Sale 358,300 $ 10.84 2 Gregory A. Carlin 11/7/2024 Sale 262,000 $ 11.00 3 Gregory A. Carlin 11/8/2024 Sale 200,000 $ 10.80 Gregory A. Carlin 11/11/2024 Sale 150,000 $ 11.39 Gregory A. Carlin 11/12/2024 Sale 234,674 $ 12.02 4 Gregory A. Carlin 11/13/2024 Sale 24,055 $ 12.23 5 Gregory A. Carlin 11/18/2024 Sale 73,817 $ 11.21 6 Gregory A. Carlin 11/19/2024 Sale 20,630 $ 11.48 7 Greg & Marcy Carlin Family Trust 11/22/2024 Sale 68,000 $ 13.20 8 Greg & Marcy Carlin Family Trust 11/25/2024 Sale 158,440 $ 13.94 9 1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.78 to $11.00. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer, or the staff of the U.S. Securities and Exchange Commission upon request, full information about the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (9) herein. 2 This is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.70 to $11