[Form 4] DraftKings Inc. Insider Trading Activity

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) Form 4 shows that director Ryan R. Moore sold a total of 76,390 shares of Class A Common Stock on 08/21/2025 in multiple transactions. The sales are reported in two groups: 75,075 shares at a weighted average price of $45.91 (transactions ranged $45.20–$46.19) and 1,315 shares at a weighted average price of $46.24 (transactions ranged $46.20–$46.29). After these transactions the Form reports beneficial ownership amounts of 1,717 and 402 shares in the respective reported lines. The Form is filed by one reporting person and includes footnotes disclosing the weighted average pricing ranges.

Positive

• Timely and complete disclosure of the director's sales under Section 16 with explanatory footnotes
• Weighted-average prices and ranges disclosed, and the reporter offers to provide per-trade details on request

Negative

• Insider dispositions totaling 76,390 shares reported on 08/21/2025, which is a material volume of shares sold by a director
• Post-transaction beneficial ownership is small in reported lines (1,717 and 402 shares as shown)

Insights

Financial Analyst

TL;DR: Director Ryan Moore executed substantial open-market sales of DKNG shares on 08/21/2025; disclosure is complete and shows weighted-average prices.

The filing documents disposed volumes totaling 76,390 shares via multiple transactions with weighted-average prices of $45.91 and $46.24. The report includes customary footnotes clarifying price ranges and offers to provide per-trade details on request. The Form 4 is a routine Section 16 disclosure by a director and was filed as a single reporting person. The information is factual and limited to the reported disposals and post-transaction beneficial ownership counts.

Corporate Governance Expert

TL;DR: Director sale reported timely with standard explanatory footnotes; transaction is notable but presented with required disclosures.

The Form 4 provides the required Section 16 detail: transaction date, codes, quantities, weighted-average prices, and resulting beneficial ownership. Footnotes state the sales occurred across multiple prices and that the reporting person will provide per-trade breakdowns on request. No additional derivatives or agreements are disclosed. As presented, the filing meets disclosure obligations without further context on motivation or plans.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Moore Ryan R

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DraftKings Inc. [ DKNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/21/2025		S		75,075	D	$45.91(1)	1,717	D
Class A Common Stock	08/21/2025		S		1,315	D	$46.24(2)	402	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.20 to $46.19, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 1 and 2 to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.20 to $46.29, inclusive. See the last sentence of footnote 1 to this Form 4 above.

	/s/ Ryan R. Moore	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did DraftKings director Ryan R. Moore report on Form 4 (DKNG)?

The Form 4 reports that Ryan R. Moore sold 75,075 shares at a weighted average price of $45.91 and 1,315 shares at a weighted average price of $46.24 on 08/21/2025.

How many total DKNG shares were sold by the reporting person?

The reporting person sold a total of 76,390 shares of Class A Common Stock on 08/21/2025.

What prices were the DKNG shares sold at according to the Form 4?

The filing discloses weighted average prices: $45.91 for the bulk sale (range $45.20–$46.19) and $46.24 for the smaller sale (range $46.20–$46.29).

What is the beneficial ownership after the reported sales?

The Form 4 lists post-transaction beneficial ownership amounts of 1,717 and 402 shares in the respective reported lines.

Was the Form 4 filed by more than one reporting person?

No. The Form indicates it was filed by one reporting person.