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  4. [144] DraftKings Inc. SEC Filing

DraftKings (NASDAQ: DKNG) director to sell $259K in stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) received a notice that director Jocelyn Moore, through Fidelity Brokerage Services LLC, plans to sell or has sold 10,759 shares of Class A common stock under Rule 144. The shares correspond to various restricted stock vesting awards received as compensation from 2023 to 2026 and have an indicated aggregate market value of about $258,753.95. The filing notes that the reported sale was made pursuant to a Rule 10b5-1 trading plan for DraftKings Class A common stock.

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Shares to be sold 10,759 shares Class A common stock covered in the Securities Information section
Aggregate market value $258,753.95 Value associated with 10,759 DraftKings Class A shares in the notice
Shares outstanding 496,454,048 shares DraftKings Class A shares referenced in the securities information
Vesting lot 4,077 shares Restricted stock vesting on 05/02/2023 as compensation
Vesting lot 3,360 shares Restricted stock vesting on 05/19/2025 as compensation
Notice date 08/19/2026 Date of notice for the Form 144 filing
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Rule 10b5-1 trading plan regulatory
"sale reported ... was made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock vesting financial
"Class A | 05/02/2023 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

FAQ

What does the DraftKings (DKNG) Form 144 filed for Jocelyn Moore disclose?
The Form 144 discloses that director Jocelyn Moore, via Fidelity Brokerage Services LLC, plans to sell or has sold 10,759 shares of DraftKings Class A common stock under Rule 144, tied to vested restricted stock compensation awards.

How many DraftKings (DKNG) shares are covered by Jocelyn Moore’s Form 144?
The notice covers 10,759 shares of DraftKings Inc. Class A common stock. These shares relate to multiple restricted stock vesting events between 2023 and 2026 that were granted to Jocelyn Moore as compensation.

What is the approximate value of the DraftKings (DKNG) shares in this Form 144?
The filing lists an aggregate market value of about $258,753.95 for the 10,759 shares of DraftKings Class A stock covered by the notice, based on the price information used in the Form 144 disclosure.

Are Jocelyn Moore’s DraftKings (DKNG) share sales under a Rule 10b5-1 plan?
Yes. The remarks state that the sale reported in the Securities to Be Sold section was made pursuant to a Rule 10b5-1 trading plan for selling DraftKings Class A common stock, indicating pre-arranged trading instructions.

What is the source of the DraftKings (DKNG) shares listed in the Form 144?
The shares come from restricted stock vesting events granted by DraftKings as compensation, with vest dates including 05/02/2023, 08/01/2023, 10/31/2023, 07/30/2024, 05/06/2025, 05/19/2025, 11/06/2025, and 02/10/2026.

How many DraftKings (DKNG) Class A shares are outstanding as referenced in the Form 144?
The Form 144 references 496,454,048 DraftKings Class A shares as an outstanding share figure in the securities information section, providing context for the relative size of the 10,759-share planned or completed sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR