Jason Robins gifts DraftKings shares to charity
DraftKings Inc. insider Jason Robins reported a charitable stock gift.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
DraftKings Inc. insider Jason Robins reported a charitable stock gift. He made a bona fide gift of 8,545 shares of Class A Common Stock to a non-profit educational institution, with no purchase or sale involved in the transfer.
After the gift, Robins directly holds 3,665,563 shares of Class A Common Stock. A separate entry shows 90 shares held indirectly through the Jason Robins Revocable Trust dated January 8, 2014. The filing reflects a non-market, no‑consideration transfer rather than trading activity.
Insider Trade Summary
8,545 shares gifted
Gift
2 txns
Insider
Robins Jason
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 8,545 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,665,563 shares (Direct);
Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)
Footnotes (1)
- F1. 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
Shares gifted: 8,545 shares
Gift price per share: $0.00 per share
Direct holdings after gift: 3,665,563 shares
+2 more
5 metrics
Shares gifted
8,545 shares
Bona fide gift of Class A Common Stock
Gift price per share
$0.00 per share
Reported transfer price for the gifted shares
Direct holdings after gift
3,665,563 shares
Class A Common Stock held directly following transaction
Indirect trust holdings
90 shares
Held by Jason Robins Revocable Trust u/d/t January 8, 2014
Gifted security title
Class A Common Stock
Type of DraftKings equity transferred
Key Terms
bona fide gift, Class A Common Stock, non-derivative, indirect ownership, +1 more
5 terms
bona fide gift financial
"Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit educational institution."
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 to a non-profit educational institution."
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.
non-derivative financial
"transaction_type": "non-derivative""
indirect ownership financial
"ownership_type": "indirect""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Jason Robins report in this DraftKings (DKNG) Form 4?
Jason Robins reported a bona fide gift of DraftKings Class A Common Stock. He transferred 8,545 shares to a non-profit educational institution, and the filing notes there was no purchase or sale associated with this transfer.
Was the DraftKings (DKNG) Form 4 transaction an open-market sale or purchase?
The Form 4 describes the transaction as a bona fide gift, not an open-market sale or purchase. It explicitly states there was no purchase or sale of Class A Common Stock in connection with the transfer to the non-profit educational institution.
What does ‘bona fide gift’ mean in Jason Robins’s DraftKings (DKNG) filing?
In this context, ‘bona fide gift’ means Jason Robins transferred 8,545 shares without receiving payment. The footnote clarifies that no purchase or sale of Class A Common Stock occurred in connection with the transfer to the non-profit educational institution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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