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Rush Street Interactive, Inc. (RSI) 鈥� Form 4 insider transaction filing

Director Niccolo de Masi disclosed three open-market sales of Class A common stock executed pursuant to a Rule 10b5-1 trading plan dated 14 March 2025:

• 07 Jul 03 2025: 111,478 shares sold at a weighted-average price of $15.1033
• 07 Jul 07 2025: 276,163 shares sold at a weighted-average price of $15.1481
• 07 Jul 08 2025: 58,453 shares sold at a weighted-average price of $15.2783

The aggregate shares sold across the three days total 446,094, reducing the reporting person鈥檚 indirect holdings (through Isalea Investments LP) from 780,710 to 446,094 shares. An additional 15,203 shares are held directly. All prices reflect weighted-average figures; detailed price breakdowns are available on request as noted in the footnotes.

No derivative security activity was reported. The filing signals a sizable reduction in the director鈥檚 indirect ownership, although the use of a pre-established 10b5-1 plan may mitigate concerns over information asymmetry.

Superior Industries International, Inc. (SUP) has filed a DEFA14A containing employee, customer and supplier communications regarding its definitive agreement to be acquired by a consortium of existing term-loan investors led by Oaktree Capital Management. The merger will be executed through SUP Parent Holdings, LLC and SUP Merger Sub, Inc. and is targeted to close in Q3 2025, subject to shareholder approval, regulatory clearances and customary conditions.

Strategic rationale: Management states the deal will substantially reduce debt, lower leverage, improve cash flow and increase financial flexibility鈥攑roviding the 鈥渞unway鈥� needed to invest in innovation and capture new business generated by supply-chain localisation trends. The company will continue operating under the Superior brand with no immediate changes to contacts, payment processes or customer support.

Process & governance: A definitive proxy statement will be filed; shareholders are urged to read it when available. The filing stresses that neither this communication nor related letters constitute an offer or solicitation.

Key risks highlighted: (i) Going-concern doubt if the transaction fails; (ii) potential litigation; (iii) regulatory or shareholder delays; (iv) business disruptions or adverse stakeholder reactions; (v) possible higher-than-expected fees. The company also flags the planned delisting from the NYSE and deregistration once the merger closes.

• Form type: DEFA14A (additional proxy soliciting material)
• Consideration: not disclosed in this filing
• Expected close: Q3 2025
• Post-close status: privately held

Overall, the communication positions the transaction as a pivotal milestone that stabilises the balance sheet while acknowledging material execution risks.

Deal Overview GS Finance Corp. is issuing Autocallable EURO STOXX 50庐 Index-Linked Notes due 2030, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are part of the Series F medium-term note programme, will price on 28 July 2025, settle on 31 July 2025 and trade under CUSIP 40058JMC6.

Key Economic Terms

• Face amount: $1,000 per note.
• Automatic call: single observation on 28 Jul 2027; if EURO STOXX 50 (SX5E) 鈮� initial level, investors receive $1,150 (115% of face) on 2 Aug 2027 and the note terminates.
• If not called, maturity on 1 Aug 2030. Cash settlement: 鈥� SX5E above initial 鈥� face plus 100% upside participation; 鈥� SX5E at or below initial 鈥� return of face only.
• No periodic coupons; the notes do not bear interest.
• Issuer鈥檚 estimated value on trade date: $885鈥�$915 per $1,000, below the 100% issue price.
• Issue price 100%; underwriting discount 2.2%; net proceeds 97.8%.
• Issuer: GS Finance Corp.; Guarantor: The Goldman Sachs Group, Inc.; Calculation agent: Goldman Sachs & Co. LLC.

Investor Implications

• Principal is scheduled to be repaid at maturity if the issuer and guarantor meet their obligations.
• Investors can earn a fixed 15% premium after two years if the index is flat-to-up.
• Unlimited upside from 2027-2030 if the note is not called.
• No downside participation, but zero total return if SX5E is flat or down at maturity.
• Secondary values are expected to start 8.5-11.5% below par and depend on Goldman鈥檚 market-making.
• Taxed as a contingent payment debt instrument; holders accrue ordinary income annually based on a comparable yield.

Principal Risks Highlighted

• Credit risk of GS Finance Corp. and the Goldman Sachs Group.
• Early-call risk caps gains at 15% and may shorten the investment horizon.
• No coupon income; opportunity cost versus interest-bearing debt.
• Market value volatility driven by rates, index performance and credit spreads; liquidity not assured.
• Complex tax treatment; potential FATCA/搂871(m) withholding for non-U.S. holders.

On July 3, 2025, Rush Street Interactive, Inc. (RSI) Chief Operating Officer Mattias Stetz filed a Form 4 detailing two open-market sales of Class A common stock executed under a pre-arranged Rule 10b5-1 trading plan dated August 16, 2024.

• July 1, 2025: 25,000 shares sold at a weighted-average price of $14.8058.
• July 3, 2025: 25,000 shares sold at $15.00.

After these transactions, Stetz directly owns 321,051 RSI shares and indirectly holds 205,448 shares through his spouse, for a combined beneficial ownership of 526,499 shares. The disposals reduce his direct holdings by roughly 13% while leaving a substantial equity position intact.

No derivative securities were exercised or disposed of, and the filing confirms that all sales were carried out under the 10b5-1 plan, mitigating concerns about opportunistic timing.

Microchip Technology Inc. (MCHP) 鈥� Form 4 filing (07/03/2025)

Senior Vice-President of Operations Mathew B. Bunker reported routine equity awards dated July 1, 2025. No shares were sold; all transactions were grants that increase the executive鈥檚 potential ownership:

• Performance Stock Units (PSUs): 2,093 target shares vesting 08/15/2029 and 62 target shares vesting 08/15/2028. Payout is contingent on Microchip achieving a 29 % cumulative non-GAAP operating margin over 12 quarters ending 06/30/2028; actual shares can be higher or lower than target.
• Restricted Stock Units (RSUs): 2,092 shares vesting 08/15/2029 and 62 shares vesting 08/15/2028.
• Post-transaction, Bunker directly owns 27,732 common shares; the newly granted 4,309 derivative units (PSUs + RSUs) are in addition to that holding.

The filing reflects standard incentive compensation under the company鈥檚 2004 Equity Incentive Plan. Because there is no open-market purchase or sale and the share count involved is immaterial relative to Microchip鈥檚 ~550 million shares outstanding, the event is neutral for shareholders and largely administrative.

On July 3 2025, Rush Street Interactive, Inc. (NYSE: RSI) filed a Form 144 stating that Mattias Stetz intends to sell 25,000 common shares through Merrill Lynch, Pierce, Fenner & Smith Inc. at an aggregate market value of $375,000. With 94,555,182 shares outstanding, the planned sale equals roughly 0.03 % of total shares, indicating a modest potential impact on the public float.

The filing identifies the shares as originating from equity-award grants received on 26 Mar 2024, 7 Jan 2025 and 26 Mar 2025, each acquired for cash consideration. Additional disclosure shows that Stetz has already disposed of 79,900 shares in the preceding three months, generating gross proceeds of about $1.03 million across six separate transactions, the largest being 25,000 shares on 1 Jul 2025.

Form 144 serves solely as advance notice; execution of the full amount is not guaranteed. Nonetheless, continued insider selling鈥攁lbeit small relative to shares outstanding鈥攃an influence investor sentiment and invites scrutiny of management鈥檚 outlook.

Form 144 filed for MYT Netherlands Parent B.V. (NYSE: MYTE) discloses that insider Michael Kliger intends to sell up to 108,375 common shares on or about 07 July 2025 through Morgan Stanley Smith Barney. Based on the stated aggregate market value of $824,733.75, the proposed sale represents roughly 0.08 % of the 136.37 million shares outstanding.

The filing also lists significant prior activity under a Rule 10b5-1 trading plan. Over the last three months, Kliger executed approximately 1.23 million shares in 25 separate transactions, generating disclosed gross proceeds of more than $9 million (sum of line-item figures). This cumulative volume is about 0.9 % of shares outstanding.

Shares to be sold were recently acquired via (1) exercise of 62,396 stock options on 07 Jul 2025 and (2) vesting of 45,979 restricted stock units on 30 Jun 2025. The seller certifies no possession of undisclosed material adverse information and relies on the trading plan safe-harbor.

• Proposed sale size is modest in percentage terms but continues a sustained insider selling trend.
• Form 144 does not provide operational or earnings data; the disclosure focuses solely on share disposition.

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Contingent Coupon Equity-Linked Securities tied to Marvell Technology, Inc. (MRVL). Each unlisted note has a $1,000 denomination, will be issued on 2 Jul 2025 and will mature on 1 Jul 2027 unless redeemed earlier.

Yield mechanics: On each quarterly valuation date, investors earn a 3.75 % coupon (15 % p.a.) if MRVL鈥檚 closing price is at or above the Coupon Barrier of $38.194 (49.5 % of the initial $77.16). Missed coupons may 鈥渃atch-up鈥� if the barrier is later breached to the upside.

Autocall feature: Beginning 29 Dec 2025 and on five subsequent valuation dates, the notes are automatically called if MRVL closes at or above the initial price. Holders then receive $1,000 + the current coupon + any previously unpaid coupons, truncating further upside.

Downside at maturity: If not called and the Final Underlying Value is < $38.194, principal is converted into 12.96008 MRVL shares (or cash equivalent). A zero share price would wipe out the entire investment; there is no principal protection.

Pricing & fees: Issue price is $1,000; estimated value is $969 (鈮�3.1 % discount). Underwriting fee up to $18.50 (1.85 %), of which $17.50 is a selling concession and up to $1.00 a structuring fee. Total offering size is $2.863 million.

Risk highlights:

• Exposure to MRVL price on only eight observation dates increases path-dependence and volatility impact.
• Liquidity risk: notes will not be exchange-listed; secondary market is at Citigroup鈥檚 discretion.
• Credit risk of both the issuer and guarantor.
• Estimated value below issue price reflects fees, hedging costs and Citi鈥檚 internal funding rate.
• U.S. tax treatment uncertain; payments likely treated as ordinary income.

The product is designed for income-oriented investors who can tolerate equity downside, limited upside, early-call uncertainty and issuer credit risk in exchange for a potential 15 % annual coupon.

Middlefield Banc Corp. (MBCN) 鈥� Form 4 filing dated 07/01/2025

Director Carolyn J. Turk reported an equity award made on 06/27/2025 under the company鈥檚 director compensation plan. The grant consists of 405 restricted stock units (RSUs), recorded in Table II as a 鈥淐onditional Stock Award.鈥� Each unit represents the right to receive one share of MBCN common stock upon vesting. The award vests on the earlier of (i) the one-year anniversary of the grant date or (ii) the date of the next annual shareholder meeting. Until vested, the RSUs carry no voting or dividend rights. Following this transaction, Turk鈥檚 reported ownership remains 32,155 shares of common stock (direct) plus the newly granted 405 RSUs.

No common shares were bought or sold; the filing reflects routine, non-cash director compensation designed to align board and shareholder interests. The grant does not materially change the company鈥檚 share count and involves a single insider, so market impact should be limited.