DKNG insider files Rule 144 for 5,725 Class A shares; prior sale disclosed

Rhea-AI Filing Summary

DraftKings Inc. insider disclosure under Rule 144 shows proposed and prior sales of Class A common stock tied to restricted stock vesting and compensation. The notice reports a proposed sale of 5,725 Class A shares through Fidelity Brokerage Services on 08/15/2025 with an aggregate market value of $249,209.25 and total shares outstanding of 496,470,071. The filer acquired those 5,725 shares via restricted stock vesting on 05/24/2024 (150 shares), 06/01/2024 (3,170 shares) and 08/01/2024 (2,405 shares), all as compensation. The form also discloses a prior sale by Alan W. Ellingson of 6,829 shares on 05/16/2025 for $251,102.33. The filer attests there is no undisclosed material adverse information.

Positive

• Full disclosure of acquisition details showing dates and nature (restricted stock vesting) for the 5,725 shares
• Planned sale specified with broker and date (Fidelity Brokerage Services, 08/15/2025), supporting regulatory compliance
• Prior sale disclosed (6,829 shares on 05/16/2025 for $251,102.33), improving transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider disclosure: small, compensation-related share sales relative to outstanding stock, documented under Rule 144.

The filing records a proposed Rule 144 sale of 5,725 Class A shares to occur via Fidelity on 08/15/2025 and documents the underlying acquisitions as restricted stock vesting in 2024, with payment characterized as compensation. A prior sale of 6,829 shares on 05/16/2025 for $251,102.33 is disclosed. Given the company’s 496.47 million outstanding shares, these transactions are immaterial to aggregate equity but are important for market transparency and insider compliance.

Corporate Governance Expert

TL;DR: Filing demonstrates compliance with disclosure rules; nothing in the notice indicates undisclosed material issues.

The notice includes required acquisition details (dates and nature: restricted stock vesting) and attestation regarding material information. It identifies the broker and planned sale date, and lists prior sales within three months. From a governance perspective, this is a standard insider reporting filing that fulfills Rule 144 notice obligations and supports market transparency.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	5725	249209.25	496470071	08/15/2025	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	05/24/2024	Restricted Stock Vesting	Issuer			150	05/24/2024	Compensation
Class A	06/01/2024	Restricted Stock Vesting	Issuer			3170	06/01/2024	Compensation
Class A	08/01/2024	Restricted Stock Vesting	Issuer			2405	08/01/2024	Compensation

* 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
Alan W. Ellingson 222 Berkeley Street 5th Floor Boston MA 02116	Class A	05/16/2025	6829	251102.33

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 Class A share sale is proposed for DraftKings (DKNG)?

The filing proposes selling 5,725 Class A shares via Fidelity on 08/15/2025 with an aggregate market value of $249,209.25.

How were the 5,725 shares acquired according to the DKNG Form 144?

They were acquired by restricted stock vesting on 05/24/2024 (150 shares), 06/01/2024 (3,170 shares), and 08/01/2024 (2,405 shares), paid as compensation.

Has the filer sold other DraftKings shares recently?

Yes. The filing discloses a prior sale by Alan W. Ellingson of 6,829 Class A shares on 05/16/2025 for $251,102.33.

What is the number of DraftKings shares outstanding reported in the filing?

The filing reports 496,470,071 shares outstanding.

Does the filer attest to having any undisclosed material information about DKNG?

Yes. By signing the notice the person represents they do not know any material adverse information