RSI insiders sell 11.5M shares at $24.96; company buys back 1.15M shares for $28.8M

Filed May 7, 2026 · Period ending May 5, 2026 · ~1 min read

Key Changes

• high

  Selling shareholders sold 11.5 million shares of Class A common stock at $24.96 per share through Wells Fargo and Morgan Stanley in a secondary offering. The company receives zero proceeds from the sale.

  Item 1.01 view on EDGAR →
• high

  RSI repurchased 1.15 million shares from underwriters at $24.96 per share for $28.8 million total, offsetting about 10% of the dilution from the insider sale.

  Item 1.01 view on EDGAR →
• medium

  Underwriters exercised their full overallotment option of 1.5 million additional shares on May 6, bringing total offering to 11.5 million shares from the original 10 million firm shares.

  Item 1.01 view on EDGAR →