DraftKings Inc. (DKNG) director Ryan Moore sells 76K Class A shares

Rhea-AI Filing Summary

DraftKings Inc. director Ryan R. Moore reported selling a total of 76,390 shares of Class A Common Stock on August 21, 2025. The sales were executed at weighted average prices of $45.91 and $46.24 per share in multiple transactions within price ranges from $45.20 to $46.29. Following these sales, Moore directly holds 402 DraftKings Class A shares.

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.

Insider Trade Summary

Net Seller: 76,390 shares

Net Sell 2 txns

Insider Moore Ryan R

Role Director

Sold 76,390 shs ($3.51M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	75,075	$45.91	$3.45M
Sale	Class A Common Stock	1,315	$46.24	$61K

Holdings After Transaction: Class A Common Stock — 402 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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.

Key Figures

Shares sold (block 1): 75,075 shares Shares sold (block 2): 1,315 shares Total shares sold: 76,390 shares +3 more

6 metrics

Shares sold (block 1) 75,075 shares Class A Common Stock sold on 2025-08-21 at $45.91 weighted average

Shares sold (block 2) 1,315 shares Class A Common Stock sold on 2025-08-21 at $46.24 weighted average

Total shares sold 76,390 shares Aggregate net shares sold by Ryan Moore in reported transactions

Price range block 1 $45.20–$46.19 Multiple transactions underlying the $45.91 weighted average price

Price range block 2 $46.20–$46.29 Multiple transactions underlying the $46.24 weighted average price

Post-transaction holding 402 shares Directly held DraftKings Class A Common Stock after the sales

Key Terms

weighted average price, Class A Common Stock, Securities and Exchange Commission

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Class A Common Stock financial

"security_title: Class A Common Stock in the reported transactions."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Securities and Exchange Commission regulatory

"the staff of the Securities and Exchange Commission, upon request, full information"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/25/2025 - 08:00 PM Learn about SEC filing dates

FAQ

What insider transaction did DraftKings (DKNG) report for director Ryan Moore?

DraftKings reported that director Ryan R. Moore sold 76,390 Class A shares on August 21, 2025 at weighted average prices of $45.91 and $46.24, in multiple transactions across price ranges from $45.20 to $46.29 per share.

How many DraftKings (DKNG) shares did Ryan Moore sell in each Form 4 transaction?

Ryan Moore sold 75,075 shares at a weighted average price of $45.91 and an additional 1,315 shares at a weighted average price of $46.24, all on August 21, 2025, according to the Form 4 filing.

What price ranges applied to Ryan Moore’s DraftKings (DKNG) share sales?

The Form 4 notes the weighted average prices reflect multiple trades: one block sold between $45.20 and $46.19 per share, and another between $46.20 and $46.29 per share, with detailed trade breakdowns available upon request.

How many DraftKings (DKNG) shares does Ryan Moore hold after the reported sales?

After selling 76,390 shares, Ryan Moore directly holds 402 shares of DraftKings Class A Common Stock. This post-transaction holding is explicitly reported as his remaining direct position following the August 21, 2025 transactions.

Were Ryan Moore’s DraftKings (DKNG) share sales single trades or multiple transactions?

The reported prices are weighted averages, meaning the 75,075 and 1,315 shares were sold in multiple transactions within specified price ranges. The filing notes detailed trade information is available to DraftKings, shareholders, or SEC staff on request.

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
Estimated average burden
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.