DraftKings (DKNG) CEO vests 38,216 RSUs; 18,478 shares withheld

DraftKings (DKNG) CEO Jason Robins reported routine equity transactions.

Rhea-AI Filing Summary

DraftKings (DKNG) CEO Jason Robins reported routine equity transactions. On 11/09/2025, 38,216 Class A shares were delivered upon RSU vesting (code M), and 18,478 shares were withheld to cover taxes at $30.4 (code F). Following these transactions, he directly beneficially owned 3,480,643 Class A shares, with an additional 90 Class A shares held indirectly by the Jason Robins Revocable Trust.

The RSUs were part of a 611,468-unit grant from February 9, 2022 that vests quarterly over four years. Robins is Chief Executive Officer and Chairman of the Board, and is also the sole holder of 393,013,951 shares of the company’s Class B Common Stock.

Insider Trade Summary

38,216 shares exercised/converted

Exercise 4 txns

Insider Robins Jason

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	38,216	$0.00	$0.00
Exercise	Class A Common Stock	38,216	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	18,478	$30.40	$562K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 38,217 contracts (Direct); Class A Common Stock — 3,480,643 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. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
2. F2. On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DraftKings (DKNG) CEO Jason Robins report on Form 4?

He reported RSU vesting delivering 38,216 Class A shares and tax withholding of 18,478 shares at $30.4 on 11/09/2025.

How many DraftKings Class A shares does Jason Robins now beneficially own?

He directly owns 3,480,643 Class A shares and indirectly 90 Class A shares via a trust.

What RSU grant underlies the reported vesting for DKNG?

A grant of 611,468 RSUs awarded on February 9, 2022, vesting quarterly over four years.

What was the tax withholding related to the DKNG RSU vesting?

The issuer withheld 18,478 shares at a price of $30.4 to satisfy taxes.

What is Jason Robins’ role and other share class holdings at DraftKings?

He is Chief Executive Officer and Chairman, and is the sole holder of 393,013,951 Class B shares.

How many RSUs remain after this transaction?

The filing lists 38,217 derivative securities (RSUs) beneficially owned following the transaction.

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

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Accepted by SEC EDGAR 11/12/2025 - 05:08 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).

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)
11/09/2025

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	11/09/2025		M		38,216	A	(1)	3,499,121	D
Class A Common Stock	11/09/2025		F		18,478	D	$30.4	3,480,643	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
Restricted Stock Units	(1)	11/09/2025		M			38,216	(2)	(2)	Class A Common Stock	38,216	$0	38,217	D

Explanation of Responses:

1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

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	11/12/2025
	** 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.