DKNG insider files Form 144 to sell 105,554 shares via UBS on NASDAQ

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) Form 144 notice shows a proposed sale of 105,554 Class A common shares through UBS Financial Services (NASDAQ) with an aggregate market value of $5,000,177.42. The filer identifies acquisitions underlying the sale as 7,961 shares from the vesting of restricted stock units on 08/09/2025 and 97,593 shares from exercise of stock options on 09/02/2025 (paid in cash). The filing lists four prior sales by the same person in the past three months: 52,777 on 06/02/2025, 158,331 on 06/18/2025, 105,554 on 07/18/2025, and 105,554 on 08/05/2025, totaling 422,216 shares for gross proceeds of $17,245,745.02. The form includes standard representations about material nonpublic information; dates for the notice and plan adoption fields are not provided in the content.

Positive

• Disclosure of acquisition details (dates and nature: RSU vesting and option exercise) is provided
• Broker and exchange identified (UBS Financial Services; NASDAQ), enabling transparent routing information
• Prior sales disclosed with amounts and gross proceeds, supporting investor transparency

Negative

• Multiple recent insider sales: 422,216 shares sold in the past three months for $17,245,745.02
• Date fields not populated in the provided content for the notice date or plan adoption/instruction date

Insights

Securities Analyst

TL;DR: Routine insider sale notice showing scheduled disposition of recently acquired shares and multiple prior sales totaling 422,216 shares.

The Form 144 documents a proposed sale of 105,554 Class A shares via UBS with an indicated market value of $5,000,177.42. Acquisition details show the shares were largely created by a recent option exercise (97,593 shares on 09/02/2025) and RSU vesting (7,961 shares on 08/09/2025). The filer sold 422,216 shares across four transactions in the prior three months for $17,245,745.02 in gross proceeds. This filing is procedural disclosure of an intended sale and does not itself change company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 reporting of an insider sale; multiple recent sales may be relevant to governance oversight but are standard when executives exercise/vest.

The filing names UBS as broker and records acquisition dates and payment methods (cash for option exercise). The notice includes the mandatory representation about lack of material nonpublic information, but the form's date fields for notice or plan adoption are not populated in the provided content. The repeated sales in recent months are disclosed, enabling shareholders to monitor insider liquidity, though the filing contains no comment on any trading plan.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	UBS Financial Services Inc. 11 Madison Avenue 4th Floor New York NY 100010	105554	5000177.42	496470071	09/02/2025	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	08/09/2025	Vesting of Restricted Stock Units	Issuer			7961	08/09/2025	NA
Class A Common	09/02/2025	Exercise of Stock Options	Issuer			97593	09/02/2025	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Stanton Dodge c/o 222 Berkeley Street Boston MA 02116	Class A Common	06/02/2025	52777	1767607.28
Stanton Dodge c/o 222 Berkeley Street Boston MA 02116	Class A Common	06/18/2025	158331	6174909.00
Stanton Dodge c/o 222 Berkeley Street Boston MA 02116	Class A Common	07/18/2025	105554	4595193.12
Stanton Dodge c/o 222 Berkeley Street Boston MA 02116	Class A Common	08/05/2025	105554	4708035.62

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the DKNG Form 144 propose to sell?

The notice proposes sale of 105,554 Class A common shares through UBS with aggregate market value of $5,000,177.42.

How were the shares being sold by the filer acquired?

Acquisitions listed are 7,961 shares from RSU vesting on 08/09/2025 and 97,593 shares from option exercise on 09/02/2025 (paid in cash).

Has the filer sold other DKNG shares recently?

Yes. Four sales in the past three months totaling 422,216 shares for gross proceeds of $17,245,745.02 (dates: 06/02/2025, 06/18/2025, 07/18/2025, 08/05/2025).

Which broker and exchange are used for the proposed sale?

The broker is UBS Financial Services Inc. and the exchange is listed as NASDAQ.

Does the filing state whether the filer possesses material nonpublic information?

By signing Form 144 the filer represents they do not know material adverse nonpublic information; the provided content includes this standard representation.