DKNG Form 4: RSU vesting, tax withholding, and RSU disposals

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.

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

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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^*

Kalish Matthew

(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)
11/06/2025

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		28,308	A	(1)	4,217,721	D
Class A Common Stock	11/09/2025		F		13,687	D	$30.4	4,204,034	D
Class A Common Stock								196,309	I	Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock								2,938	I	Held by Matthew P. Kalish 2020 Trust

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	(2)(3)	11/06/2025		D			88,235	(4)	(4)	Class A Common Stock	88,235	$0	44,118	D
Restricted Stock Units	(2)(3)	11/06/2025		D			77,196	(5)	(5)	Class A Common Stock	77,196	$0	19,299	D
Restricted Stock Units	(2)(3)	11/06/2025		D			95,409	(6)	(6)	Class A Common Stock	95,409	$0	15,901	D
Restricted Stock Units	(1)(2)	11/09/2025		M			28,308	(7)	(7)	Class A Common Stock	28,308	$0	28,309	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 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.

2. 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.

3. 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.

4. On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.

5. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.

6. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.

7. On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Remarks:

President, DraftKings North America

	/s/ Faisal Hasan, attorney-in-fact	11/10/2025
	** 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.

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.

How many DraftKings shares does the insider hold after the transactions?

Direct ownership was 4,204,034 Class A shares after the reported transactions.

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.

What was the tax withholding price on DKNG shares?

The issuer withheld 13,687 shares at $30.4 to satisfy taxes on 11/09/2025.