DraftKings (DKNG) director receives 760 RSUs instead of cash retainer

Rhea-AI Filing Summary

DraftKings Inc. director Steven Joseph Murray reported equity compensation activity involving restricted stock units (RSUs) and Class A Common Stock. On February 10, 2026, he received a grant of 760 RSUs issued in lieu of a quarterly cash retainer. Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock, and the RSUs were granted and became fully vested on that same date.

Upon vesting, the 760 RSUs were converted into 760 shares of Class A Common Stock at a price of $0 per share. No shares of Class A Common Stock were transferred or sold as part of this vesting. Following these transactions, Murray directly beneficially owned 72,812 shares of DraftKings Class A Common Stock.

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

OMB Number:			3235-0287
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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^*

MURRAY STEVEN JOSEPH

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		760	A	(1)	72,812	D

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	(1)(2)	02/10/2026		A		760(3)		(4)	(4)	Class A Common Stock	760	$0	760	D
Restricted Stock Units	(1)(2)	02/10/2026		M			760(3)	(4)	(4)	Class A Common Stock	760	$0	0	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").

2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

3. Represents RSU grant that is being issued in lieu of a quarterly cash retainer.

4. The RSUs were granted and became fully vested on February 10, 2026.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	02/12/2026
	** 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 insider transaction did DraftKings (DKNG) report for director Steven Joseph Murray?

DraftKings reported that director Steven Joseph Murray received a grant of 760 restricted stock units, which vested into 760 shares of Class A Common Stock at $0 per share on February 10, 2026, as part of his director compensation.

How many DraftKings Class A shares does Steven Joseph Murray hold after this Form 4?

After the reported transactions, Steven Joseph Murray beneficially owns 72,812 shares of DraftKings Class A Common Stock directly. This reflects the addition of 760 shares received upon the vesting and conversion of restricted stock units granted as director compensation.

Were any DraftKings (DKNG) shares sold in Steven Joseph Murray’s latest Form 4 filing?

No shares were sold. The filing states that no shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units. The RSUs simply converted into 760 Class A shares at a price of $0 per share.

What are the terms of the restricted stock units granted to DraftKings director Steven Joseph Murray?

The restricted stock units each represent a contingent right to receive one share of DraftKings Class A Common Stock. The 760 RSUs were granted in lieu of a quarterly cash retainer and became fully vested on February 10, 2026, then converted into 760 shares.

How was Steven Joseph Murray compensated in this DraftKings (DKNG) Form 4 instead of cash?

Steven Joseph Murray received 760 restricted stock units issued in lieu of a quarterly cash retainer. These RSUs vested immediately on February 10, 2026, and were converted into 760 shares of Class A Common Stock at no cost, providing equity-based compensation.

What transaction codes appear in Steven Joseph Murray’s DraftKings Form 4, and what do they indicate?

The Form 4 includes transaction code A for the grant or other acquisition of 760 restricted stock units, and code M for the exercise or conversion of derivative securities when those RSUs converted into 760 Class A Common Stock shares at $0 per share on February 10, 2026.