DraftKings CLO exercises 52,777 options at $2.95; sells at $29

DraftKings Inc. (DKNG) insider activity: the Chief Legal Officer reported a same‑day option exercise and sale on 11/06/2025.

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) insider activity: the Chief Legal Officer reported a same‑day option exercise and sale on 11/06/2025. He exercised 52,777 stock options at an exercise price of $2.95 per share for Class A Common Stock, then sold 52,777 shares at an average price of $29 pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted on 12/13/2024.

Following these transactions, the officer beneficially owned 500,454 shares of Class A Common Stock directly. The exercised options were originally granted on 11/07/2017 and were fully vested as of the transaction date, with the aggregate exercise price paid in cash. After the exercise, the filing lists 1,420,170 derivative securities (stock options) beneficially owned.

Insider Trade Summary

Exercise and Sale: 52,777 shares ($1.37M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Dodge R Stanton

Role Chief Legal Officer

Sold 52,777 shs ($1.53M)

Approx. gross sale proceeds $1.53M

Approx. exercise cost $156K

Approx. pre-tax spread $1.37M

Type	Security	Shares	Price	Value
Exercise	Stock Option	52,777	$0.00	$0.00
Exercise	Class A Common Stock	52,777	$2.95	$156K
Sale	Class A Common Stock	52,777	$29.00	$1.53M

Holdings After Transaction: Stock Option — 1,420,170 contracts (Direct); Class A Common Stock — 500,454 shares (Direct)

Footnotes (3)

1. F1. The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.
2. F2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 13, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
3. F3. These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.

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Accepted by SEC EDGAR 11/07/2025 - 07:51 PM EST Learn about SEC filing dates

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).

X

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^*

Dodge R Stanton

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025

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	11/06/2025		M		52,777(1)	A	$2.95	553,231	D
Class A Common Stock	11/06/2025		S(2)		52,777	D	$29	500,454	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
Stock Option	$2.95	11/06/2025		M			52,777	(3)	11/02/2027	Class A Common Stock	52,777	$0	1,420,170	D

Explanation of Responses:

1. The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.

2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 13, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

3. These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	11/07/2025
	** 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.