DraftKings CFO exercises RSUs, covers tax with shares

DraftKings Chief Financial Officer Alan Wayne Ellingson reported routine equity compensation activity.

Rhea-AI Filing Summary

DraftKings Chief Financial Officer Alan Wayne Ellingson reported routine equity compensation activity. On May 1, 2026, 4,311 Restricted Stock Units converted into an equal number of Class A Common shares. No shares were sold in the market.

The company withheld 1,438 shares at $23.00 per share to satisfy tax obligations, a standard tax-withholding disposition. Following these transactions, Ellingson directly holds 162,274 shares of Class A Common Stock and 34,481 RSUs, reflecting ongoing equity-based compensation rather than open-market trading.

Insider Trade Summary

4,311 shares exercised/converted

Exercise 3 txns

Insider Ellingson Alan Wayne

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,311	$0.00	$0.00
Exercise	Class A Common Stock	4,311	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	1,438	$23.00	$33K

Holdings After Transaction: Restricted Stock Units — 34,481 contracts (Direct); Class A Common Stock — 162,274 shares (Direct)

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 4,311 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,438 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 May 1, 2024, the Reporting Person was granted 68,963 RSUs vesting quarterly over four (4) years from May 1, 2024.

Key Figures

RSUs vested: 4,311 RSUs Shares withheld for taxes: 1,438 shares Tax withholding price: $23.00 per share +3 more

6 metrics

RSUs vested 4,311 RSUs Converted into Class A Common Stock on May 1, 2026

Shares withheld for taxes 1,438 shares Withheld by issuer at $23.00 per share

Tax withholding price $23.00 per share Price used for 1,438 withheld shares

Shares held after transaction 163,712 shares DraftKings Class A Common Stock held directly by CFO

Remaining RSUs 34,481 RSUs Restricted Stock Units outstanding after May 1, 2026 vesting

Original RSU grant 68,963 RSUs Granted on May 1, 2024, vesting quarterly over four years

Key Terms

Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Class A Common Stock

4 terms

Restricted Stock Units financial

"The Reporting Person was granted 68,963 RSUs vesting quarterly over four years"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"shares were transferred to the Issuer to satisfy withholding taxes"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion for 4,311 RSUs"

Class A Common Stock financial

"Each RSU represents a contingent right to receive one share of 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.

FAQ

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

What did DraftKings (DKNG) CFO Alan Ellingson report in this Form 4?

DraftKings CFO Alan Ellingson reported RSU vesting and related tax withholding. 4,311 Restricted Stock Units converted into Class A shares, and 1,438 shares were withheld at $23.00 per share to cover taxes, with no open-market buying or selling disclosed.

How many DraftKings (DKNG) shares does the CFO hold after these transactions?

After these transactions, CFO Alan Ellingson directly holds 163,712 shares of DraftKings Class A Common Stock. He also has 34,481 Restricted Stock Units outstanding, representing additional potential future shares as they vest under the company’s equity compensation schedule.

Were any DraftKings (DKNG) shares sold on the open market in this filing?

No open-market sales were reported. The only disposition was 1,438 shares withheld by DraftKings to satisfy tax liabilities tied to RSU vesting, a non-market transaction that does not reflect discretionary buying or selling in the public market.

What RSU grant underlies this DraftKings (DKNG) Form 4 activity?

The activity relates to a 68,963 RSU grant awarded on May 1, 2024, vesting quarterly over four years. The 4,311 RSUs that vested on May 1, 2026 are part of that grant, converting into the same number of Class A Common shares for the CFO.

What is the significance of the $23.00 price in the DraftKings (DKNG) Form 4?

The $23.00 figure is the price per share used for tax withholding on 1,438 DraftKings shares. These shares were delivered back to the issuer to cover taxes triggered by RSU vesting, rather than being sold into the market by the executive.

How many DraftKings (DKNG) RSUs remain after this vesting event?

After this vesting event, CFO Alan Ellingson has 34,481 Restricted Stock Units remaining. Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock as future vesting conditions are satisfied over time.

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

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Accepted by SEC EDGAR 05/05/2026 - 06:43 PM EDT 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^*

Ellingson Alan Wayne

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		M		4,311	A	(1)	163,712	D
Class A Common Stock	05/01/2026		F		1,438	D	$23	162,274	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
Restricted Stock Units	(1)	05/01/2026		M			4,311	(2)	(2)	Class A Common Stock	4,311	$0	34,481	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 4,311 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,438 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 May 1, 2024, the Reporting Person was granted 68,963 RSUs vesting quarterly over four (4) years from May 1, 2024.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)