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DraftKings CFO gets 28K shares on RSU vesting

DraftKings’ CFO had RSUs vest into Class A shares, with a portion withheld to cover taxes and no open-market sales reported.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) reported that its Chief Financial Officer, Alan Wayne Ellingson, had multiple restricted stock unit (RSU) awards vest on September 1, 2026, resulting in the acquisition of Class A common shares. A total of 28,102 RSUs were exercised into Class A Common Stock. According to the footnotes, no shares were transferred or sold upon vesting other than shares delivered to DraftKings to satisfy withholding taxes, with 13,589 shares of Class A Common Stock withheld for this purpose at $23.44 per share. No Rule 10b5-1 trading plan is reported for these transactions.

Positive

  • None.

Negative

  • None.
Insider Ellingson Alan Wayne
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F5 2,140 $0.00 $0.00
Exercise Restricted Stock Units F2, F6 742 $0.00 $0.00
Exercise Restricted Stock Units F3, F7 5,300 $0.00 $0.00
Exercise Restricted Stock Units F4, F8 19,920 $0.00 $0.00
Exercise Class A Common Stock F1 2,140 -- --
Exercise Price or Tax Liability Class A Common Stock 1,035 $23.44 $24K
Exercise Class A Common Stock F2 742 -- --
Exercise Price or Tax Liability Class A Common Stock 359 $23.44 $8K
Exercise Class A Common Stock F3 5,300 -- --
Exercise Price or Tax Liability Class A Common Stock 2,563 $23.44 $60K
Exercise Class A Common Stock F4 19,920 -- --
Exercise Price or Tax Liability Class A Common Stock 9,632 $23.44 $226K
Holdings After Transaction: Restricted Stock Units — 340,621 contracts (Direct); Class A Common Stock — 193,558 shares (Direct)
Footnotes (8)
  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 2,140 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,035 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. 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 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 359 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.
  3. F3. 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 5,300 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,563 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.
  4. F4. 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 19,920 shares of Class A Common Stock underlying the RSUs listed in Table II, and 9,632 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.
  5. F5. On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.
  6. F6. On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.
  7. F7. On February 10, 2025, the Reporting Person was granted 84,807 RSUs vesting quarterly over four (4) years from March 1, 2025.
  8. F8. On February 17, 2026, the Reporting Person was granted 318,725 RSUs vesting quarterly over four (4) years from March 1, 2026.
RSUs exercised 28,102 units Total RSUs exercised or converted into Class A Common Stock on September 1, 2026
Shares withheld for taxes or exercise price 13,589 shares Total Class A Common Stock delivered or withheld for payment of exercise price or tax liability
Withholding transaction price $23.44 per share Price reported for Class A Common Stock in code F transactions used to satisfy withholding taxes or exercise price
Derivative exercises count 4 transactions Number of RSU exercise or conversion transactions coded as derivative (M)
Exercise-price or tax-liability transactions 4 transactions Number of Class A Common Stock transactions coded F for payment of exercise price or tax liability
Restricted Stock Units financial
"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units"
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.
withholding taxes financial
"other than to the Issuer to satisfy withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is not checked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What did DraftKings (DKNG) disclose about CFO Alan Wayne Ellingson’s Form 4 transactions on September 1, 2026?
The CFO had multiple RSU grants vest into Class A Common Stock on September 1, 2026, acquiring shares and simultaneously having a portion withheld by DraftKings to cover withholding taxes, with no open-market sales reported.

How many DraftKings (DKNG) RSUs vested for the CFO in this Form 4 filing?
The filing shows 28,102 RSUs exercised or converted into DraftKings Class A Common Stock across four RSU awards, all vesting on September 1, 2026.

How many DraftKings (DKNG) shares were withheld for taxes in the CFO’s Form 4?
A total of 13,589 shares of DraftKings Class A Common Stock were delivered or withheld to satisfy withholding taxes, as part of the RSU vestings reported in the filing.

Were any of the DraftKings (DKNG) shares sold on the open market in this Form 4?
The footnotes state that no shares of Class A Common Stock were transferred or sold upon RSU vesting, other than shares delivered to DraftKings itself to satisfy withholding taxes.

What price per share was used for the tax withholding in the DraftKings (DKNG) Form 4?
For the shares withheld to satisfy withholding taxes, the filing reports a price of $23.44 per share on the Class A Common Stock transactions coded as payment of exercise price or tax liability.

Were the DraftKings (DKNG) Form 4 transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating a trading plan, so these transactions are reported as not made pursuant to a Rule 10b5-1 plan.

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SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026M2,140A(1)181,185D
Class A Common Stock09/01/2026F1,035D$23.44180,150D
Class A Common Stock09/01/2026M742A(2)180,892D
Class A Common Stock09/01/2026F359D$23.44180,533D
Class A Common Stock09/01/2026M5,300A(3)185,833D
Class A Common Stock09/01/2026F2,563D$23.44183,270D
Class A Common Stock09/01/2026M19,920A(4)203,190D
Class A Common Stock09/01/2026F9,632D$23.44193,558D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/01/2026M2,140 (5) (5)Class A Common Stock2,140$04,281D
Restricted Stock Units(2)09/01/2026M742 (6) (6)Class A Common Stock742$04,450D
Restricted Stock Units(3)09/01/2026M5,300 (7) (7)Class A Common Stock5,300$053,005D
Restricted Stock Units(4)09/01/2026M19,920 (8) (8)Class A Common Stock19,920$0278,885D
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 2,140 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,035 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. 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 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 359 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.
3. 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 5,300 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,563 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.
4. 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 19,920 shares of Class A Common Stock underlying the RSUs listed in Table II, and 9,632 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.
5. On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.
6. On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.
7. On February 10, 2025, the Reporting Person was granted 84,807 RSUs vesting quarterly over four (4) years from March 1, 2025.
8. On February 17, 2026, the Reporting Person was granted 318,725 RSUs vesting quarterly over four (4) years from March 1, 2026.
Remarks:
/s/ Faisal Hasan, attorney-in-fact09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR