DraftKings (DKNG) CLO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings Inc. Chief Legal Officer Dodge R. Stanton reported routine equity compensation activity involving restricted stock units (RSUs) that vested into Class A Common Stock. On June 1, 2026, he exercised RSUs to acquire 34,722 shares of Class A Common Stock through multiple transactions coded "M" for derivative exercise or conversion.
To satisfy withholding tax obligations related to these vestings, Stanton delivered a total of 15,193 shares back to DraftKings at $26.33 per share in several "F" transactions classified as tax-withholding dispositions, not open-market sales. Following these transactions, he directly holds 547,759 shares of DraftKings Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,722 shares exercised/converted
Mixed
15 txns
Insider
Dodge R Stanton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,030 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,824 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,998 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,394 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,476 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,030 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,826 | $26.33 | $127K |
| Exercise | Class A Common Stock | 4,824 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,111 | $26.33 | $56K |
| Exercise | Class A Common Stock | 4,998 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,187 | $26.33 | $58K |
| Exercise | Class A Common Stock | 12,394 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,423 | $26.33 | $143K |
| Exercise | Class A Common Stock | 1,476 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 646 | $26.33 | $17K |
Holdings After Transaction:
Restricted Stock Units — 33,088 shares (Direct, null);
Class A Common Stock — 547,759 shares (Direct, null)
Footnotes (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 11,030 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,824 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,111 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. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,998 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,187 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. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 12,394 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,423 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. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,476 shares of Class A Common Stock underlying the RSUs listed in Table II, and 646 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. On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs. On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 79,961 RSUs vesting quarterly over four (4) years from March 1, 2025. On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
Key Figures
RSUs exercised: 34,722 shares
Shares for tax withholding: 15,193 shares
Withholding price: $26.33 per share
+5 more
8 metrics
RSUs exercised
34,722 shares
Total Class A shares from RSU exercises on June 1, 2026
Shares for tax withholding
15,193 shares
Class A shares delivered for withholding taxes at $26.33
Withholding price
$26.33 per share
Price applied to tax-withholding share dispositions
Post-transaction holdings
547,759 shares
Direct Class A Common Stock held after transactions
2023 RSU grant
190,588 RSUs
Grant on February 13, 2023, with amended vesting for 14,119 units
2024 RSU grant
77,196 RSUs
Grant on February 12, 2024, vesting quarterly over four years
2025 RSU grant
79,961 RSUs
Grant on February 10, 2025, vesting quarterly over four years
2026 RSU grants
198,317 and 17,707 RSUs
Two grants on February 17, 2026 with quarterly and monthly vesting
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"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"
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
"transaction_code "F" with description Payment of exercise price or tax liability by delivering securities"
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_code "M" with description Exercise or conversion of derivative security"
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share 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.
vesting financial
"On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did DraftKings (DKNG) report for Dodge R. Stanton?
DraftKings reported that Chief Legal Officer Dodge R. Stanton had restricted stock units vest into Class A Common Stock and used some of the resulting shares to cover tax withholding obligations, a routine compensation-related transaction rather than an open-market stock purchase or sale.