DKNG Form 4: RSU vesting, tax withholding, and RSU disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings (DKNG) reported insider equity activity by a director and officer. On 11/09/2025, 28,308 shares of Class A common stock were acquired upon RSU vesting (code M), and 13,687 shares were withheld to cover taxes at $30.4 (code F). Following these transactions, directly held shares were 4,204,034. Indirect holdings included 196,309 shares held by Kalish Family 2020 Irrevocable Trusts and 2,938 shares held by the Matthew P. Kalish 2020 Trust.
On 11/06/2025, RSUs were adjusted: 88,235, 77,196, and 95,409 RSUs were reported as disposals (each at $0), while time-based RSUs will continue vesting through March 1, 2026 under a Transition Agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,308 shares exercised/converted
Mixed
8 txns
Insider
Kalish Matthew
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,308 | $0.00 | -- |
| Exercise | Class A Common Stock | 28,308 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 13,687 | $30.40 | $416K |
| Disposition | Restricted Stock Units | 88,235 | $0.00 | -- |
| Disposition | Restricted Stock Units | 77,196 | $0.00 | -- |
| Disposition | Restricted Stock Units | 95,409 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 28,309 shares (Direct);
Class A Common Stock — 4,217,721 shares (Direct);
Class A Common Stock — 196,309 shares (Indirect, Held by Kalish Family 2020 Irrevocable Trusts)
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 28,308 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,687 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. Subject to the terms and conditions of the Transition Agreement, dated November 6, 2025, between the Reporting Person and the Issuer, outstanding time-based RSUs will continue vesting, under their original terms, through the last scheduled March 1, 2026 vesting date. 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 forfeiture of the RSUs. 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 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025. On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
FAQ
What did DKNG’s insider report on Form 4?
A director and officer reported RSU vesting into 28,308 shares and tax withholding of 13,687 shares at $30.4 on 11/09/2025.
What indirect holdings were disclosed for DKNG?
Indirect holdings included 196,309 shares (Kalish Family 2020 Irrevocable Trusts) and 2,938 shares (Matthew P. Kalish 2020 Trust).
Were any RSUs forfeited or disposed of?
On 11/06/2025, 88,235, 77,196, and 95,409 RSUs were reported as disposals at $0.
Will RSUs continue to vest for the DKNG insider?
Yes. Time-based RSUs will continue vesting under a Transition Agreement through March 1, 2026.