DraftKings (DKNG) Rule 144 Notice — 210K Shares via Goldman Sachs

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) Form 144 notifies a proposed sale of 210,000 common shares through Goldman Sachs & Co. LLC with an aggregate market value reported at $9,051,000. The shares were acquired as compensation on 05/03/2018 by exercise of stock options and the payment method is listed as a cashless exercise / same-day sale. The filing shows the issuer has 496,470,071 shares outstanding, so the single proposed sale represents about 0.042% of outstanding shares. The form also discloses three sales by the same person in the past three months totaling 630,000 shares for aggregate gross proceeds of $24,859,773.41 on 05/12/2025, 05/13/2025 and 08/11/2025.

Insights

Financial Analyst

TL;DR: Routine insider option exercise and sale; size is immaterial relative to outstanding shares.

The filing documents a planned sale of 210,000 shares via a cashless exercise, typical when option holders monetize compensation. The single proposed sale equals roughly 0.042% of the 496,470,071 shares outstanding, and recent activity shows 630,000 shares sold in the prior three months for about $24.86 million. Given the very small percentage of outstanding shares involved, this disclosure alone is unlikely to move valuation or signal a change in company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; no governance red flags in the filing itself.

The notice identifies the seller, acquisition as compensation (05/03/2018), broker, and sale mechanics (cashless same-day exercise), and includes prior three-month sales—key compliance elements under Rule 144. There is no indication here of undisclosed material information by the signer; the transactions appear administrative and compliant with reporting obligations. Materiality is low given the size relative to outstanding shares.

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
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	210000	9051000	496470071	08/12/2025	NASD

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 *
Common	05/03/2018	Acquired as compensation -- Stock Options	Issuer			210000	05/03/2018	Compensation -- Cashless exercise / same-day sale

* 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
Matthew Kalish 222 Berkeley Street 5th Floor Boston MA 02116	Common	05/13/2025	210000	7944951.09
Matthew Kalish 222 Berkeley Street 5th Floor Boston MA 02116	Common	05/12/2025	210000	7951654.66
Matthew Kalish 222 Berkeley Street 5th Floor Boston MA 02116	Common	08/11/2025	210000	8963167.66

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 report propose to sell?

The filing proposes sale of 210,000 common shares with an aggregate market value of $9,051,000.

Who is the person named in the Form 144 for DKNG?

The filing identifies Matthew Kalish as the person associated with the disclosed sales.

When were the shares to be sold acquired and how were they paid for?

The shares were acquired as compensation on 05/03/2018 via stock options and the payment method is listed as a cashless exercise / same-day sale.

How many DKNG shares were sold in the past three months and for how much?

The filing reports three sales totaling 630,000 shares in the past three months for aggregate gross proceeds of $24,859,773.41.

What percent of outstanding shares does the proposed 210,000 share sale represent?

Based on 496,470,071 shares outstanding reported in the filing, the 210,000-share sale is about 0.042% of outstanding shares.