[144] DraftKings Inc. SEC Filing

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) Form 144 notice reports a proposed sale of Class A common stock by an insider. The filer registered 44,693 shares for sale with an aggregate market value of $2,006,484.99 and an approximate sale date of 08/19/2025 on NASDAQ. Those shares were acquired on 02/24/2025 as restricted stock vesting and were issued as compensation. The filing also discloses a recent sale by the same person of 5,725 Class A shares on 08/15/2025 for gross proceeds of $249,209.25. The form includes the standard insider representation that no undisclosed material adverse information is known.

Positive

• Proper compliance with Rule 144 reporting requirements is evident
• Source of shares disclosed: shares were acquired via restricted stock vesting and paid as compensation

Negative

• Insider sale of 44,693 shares valued at $2,006,484.99, which may attract investor attention
• Additional recent sale of 5,725 shares on 08/15/2025 for $249,209.25

Insights

Securities Analyst

TL;DR: Routine insider disposition of vested compensation; not necessarily signaling material company change.

The Form 144 shows an insider planning to sell 44,693 Class A shares valued at about $2.0 million, acquired via restricted stock vesting on 02/24/2025 and designated as compensation. The filing follows Rule 144 procedures and reports a recent smaller sale of 5,725 shares for $249,209.25. From a market-impact perspective, the size is modest relative to large-cap public floats but could be noteworthy if aggregated with other insider sales. The disclosure itself is compliant and provides clear provenance of the shares.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure of compensation-derived shares being sold; governance implications are routine.

The document documents sale of vested restricted stock issued as compensation, which is a common executive or employee liquidity event. The filer attests to absence of undisclosed material adverse information, and the form lists broker and exchange details. There is no indication in this filing of unusual trading plans or regulatory issues. Governance considerations center on timing and frequency of insider sales, which shareholders may monitor for patterns but are not inherently dispositive from this single filing.

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	44693	2006484.99	496470071	08/19/2025	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	02/24/2025	Restricted Stock Vesting	Issuer			44693	02/24/2025	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 Ellingson 222 Berkeley Street, 5th Floor Boston, MA 02116	Class A	08/15/2025	5725	249209.25

144: Remarks and Signature

Remarks

Date of Notice

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 does DraftKings' (DKNG) Form 144 report?

The Form 144 reports a proposed sale of 44,693 Class A shares valued at $2,006,484.99 with an approximate sale date of 08/19/2025 and a prior sale of 5,725 shares on 08/15/2025 for $249,209.25.

How were the shares acquired that are being sold?

The shares were acquired on 02/24/2025 through restricted stock vesting and were issued as compensation.

Where will the proposed sale be executed?

The filing lists Fidelity Brokerage Services LLC and the NASDAQ exchange as the broker and venue for the proposed sale.

Does the filing indicate undisclosed material information?

The signer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed, per the Form 144 attestation.

Is this Form 144 an indicator of regulatory issues or misconduct?

The form contains no allegations or indications of regulatory violations; it is a routine disclosure of proposed insider sales under Rule 144.