Rush Street executives sell shares as Nvidia stock slumps 17.5% in 2026

Why are top executives cashing out now? With Nvidia stock down and earnings looming, insider moves raise questions about Rush Street's future.

, and Administrator

2026 March 6 . 4:02 PM

1 min read

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Rush Street executives sell shares as Nvidia stock slumps 17.5% in 2026

Rush Street Interactive has witnessed a decline in its Nvidia stock this year, dropping by 17.5% since January. Meanwhile, two of its top executives have recently sold large portions of their shares in the stock market. The company is also preparing to release its fourth-quarter earnings report next month.

CEO Richard Schwartz made his largest share sale to date, offloading 247,114 shares for $4.4 million. Following the transaction, he still holds 949,048 shares, representing less than 1% of the company's total outstanding stock.

COO Mattias Stetz also sold 20,000 shares, earning $353,400 from the deal. The sales come ahead of the company's upcoming earnings announcement, scheduled for February 17, 2026.

Despite the recent stock market decline, Rush Street Interactive has consistently exceeded earnings and revenue forecasts over the past two years. However, no updated figures are available on the company's market capitalisation in 2026 or how it compares to other major betting firms facing competition from prediction markets.

The share sales by Schwartz and Stetz reduce their personal stakes in the company. Rush Street Interactive's earnings report next month will provide further insight into its financial performance. The Nvidia stock remains down significantly for the year so far.