Charitable share gifts by DraftKings Inc. (DKNG) insider Jason Robins

Rhea-AI Filing Summary

Jason Robins, a director and officer of DraftKings Inc., reported two bona fide gifts of Class A Common Stock totaling 9,997 shares on August 25, 2025 to charitable and educational organizations at $0.00 per share. These gifts did not involve any purchase or sale of stock.

Following these transfers, he holds 3,425,830 shares of Class A Common Stock directly and 90 shares indirectly through the Jason Robins Revocable Trust.

Insights

Corporate Governance Expert

TL;DR: Small charitable gifts disclosed; CEO retains concentrated control through large Class B stake.

The reported transfers are documented as bona fide gifts to charitable and educational organizations, reflecting voluntary, non‑remunerative dispositions of Class A shares. The amounts gifted (4,443 and 5,554) are small relative to Robins' total reported holdings. Material governance note: Robins continues to hold a controlling economic/ voting position through 393,013,951 Class B shares, which remain unregistered per the filing. The disclosure is consistent with standard Section 16 reporting and shows third‑party signatory execution.

Securities Analyst

TL;DR: Routine insider gifts with negligible effect on public float; concentration risk unchanged.

Two transactions coded G indicate gifts with $0.00 purchase price and no cash proceeds. Post‑transaction Class A beneficial counts are 3,431,384 and 3,425,830 shares as reported on separate lines, implying only modest reductions in reported Class A holdings. The large unregistered Class B position (393,013,951) remains a dominant ownership factor for valuation and control considerations; however, this Form 4 does not provide price, market impact, or intent beyond the charitable purpose stated.

Insider Trade Summary

Net Seller: 9,997 shares

Net Sell 3 txns

Insider Robins Jason

Role See Remarks

Type	Security	Shares	Price	Value
Gift	Class A Common Stock	4,443	$0.00	$0.00
Gift	Class A Common Stock	5,554	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 3,425,830 shares (Direct); Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)

Footnotes (2)

1. F1. Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit organization. There was no purchase or sale of Class A Common Stock in connection with the transfer.
2. F2. Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit educational institution. There was no purchase or sale of Class A Common Stock in connection with the transfer.

Key Figures

Total gifted shares: 9,997 shares First gift: 4,443 shares Second gift: 5,554 shares +3 more

6 metrics

Total gifted shares 9,997 shares Bona fide gifts of Class A Common Stock on August 25, 2025

First gift 4,443 shares Class A Common Stock gifted to a non-profit organization

Second gift 5,554 shares Class A Common Stock gifted to a non-profit educational institution

Direct holdings 3,425,830 shares Post-transaction direct Class A Common Stock position

Indirect holdings 90 shares Shares held indirectly via Jason Robins Revocable Trust u/d/t January 8, 2014

Gift price $0.00 per share Reported transaction price for both bona fide gift transfers

Key Terms

bona fide gift, Class A Common Stock, Revocable Trust, non-profit educational institution

4 terms

bona fide gift financial

"Represents a bona fide gift of the Issuer's Class A Common Stock"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Class A Common Stock financial

"Represents a bona fide gift of the Issuer's Class A Common Stock"

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.

Revocable Trust financial

"Held by Jason Robins Revocable Trust u/d/t January 8, 2014"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

non-profit educational institution financial

"gift of the Issuer's Class A Common Stock to a non-profit educational institution"

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 08/27/2025 - 08:01 PM Learn about SEC filing dates

FAQ

What share transfers did Jason Robins report for DKNG on August 25, 2025?

Jason Robins reported two bona fide gifts of DraftKings Class A Common Stock on August 25, 2025: 4,443 shares and 5,554 shares, totaling 9,997 shares. Both transfers were made at $0.00 per share with no purchase or sale involved.

How many DraftKings (DKNG) shares did Jason Robins gift and to what types of recipients?

He gifted a total of 9,997 Class A shares, consisting of 4,443 and 5,554 shares. Footnotes state these were bona fide gifts to a non-profit organization and a non-profit educational institution, with no consideration paid for the transfers.

What is Jason Robins’ remaining DraftKings (DKNG) shareholding after these gifts?

After the reported gifts, Jason Robins holds 3,425,830 DraftKings Class A shares directly and 90 shares indirectly through the Jason Robins Revocable Trust. These positions reflect his post-transaction ownership as disclosed in the insider holding data.

Did Jason Robins buy or sell any DraftKings (DKNG) stock in these reported transactions?

No. The transactions are described as bona fide gifts, and footnotes explicitly state there was no purchase or sale of Class A Common Stock in connection with the transfers. The shares were transferred at $0.00 per share to charitable recipients.

How are Jason Robins’ DraftKings (DKNG) shares held following the reported gifts?

Post-transaction, Jason Robins holds 3,425,830 Class A shares directly and 90 shares indirectly via the Jason Robins Revocable Trust. The trust position is reported as indirect ownership, while the larger balance is held directly in his name.

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^*

Robins Jason

(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
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		G(1)		4,443	D	$0.00	3,431,384	D
Class A Common Stock	08/25/2025		G(2)		5,554	D	$0.00	3,425,830	D
Class A Common Stock								90	I	Held by Jason Robins Revocable Trust u/d/t January 8, 2014

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. Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit organization. There was no purchase or sale of Class A Common Stock in connection with the transfer.

2. Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit educational institution. There was no purchase or sale of Class A Common Stock in connection with the transfer.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.

	/s/ Faisal Hasan, attorney-in-fact	08/27/2025
	** 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.