DraftKings Inc. (DKNG) CFO vests RSUs, 2,084 shares withheld for taxes

Rhea-AI Filing Summary

DraftKings Inc. Chief Financial Officer Alan Wayne Ellingson reported the vesting of 4,310 Restricted Stock Units (RSUs) into Class A common stock on August 1, 2026. In connection with this vesting, 2,084 shares of Class A common stock were withheld by the company at $23.48 per share to satisfy withholding taxes. Following the transaction, Ellingson held 30,171 RSUs, from an original grant of 68,963 RSUs awarded on May 1, 2024, which vest quarterly over four years.

Insider Trade Summary

Net Buyer: 2,226 shares

Net Buy 3 txns

Insider Ellingson Alan Wayne

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2	4,310	$0.00	$0.00
Exercise	Class A Common Stock F1	4,310	--	--
Exercise Price or Tax Liability	Class A Common Stock	2,084	$23.48	$49K

Holdings After Transaction: Restricted Stock Units — 30,171 shares (Direct); Class A Common Stock — 179,045 shares (Direct)

Footnotes (2)

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 4,310 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,084 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. On May 1, 2024, the Reporting Person was granted 68,963 RSUs vesting quarterly over four (4) years from May 1, 2024.

Key Figures

RSUs vested: 4,310 RSUs Shares withheld for taxes: 2,084 shares Withholding price: $23.48 per share +4 more

7 metrics

RSUs vested 4,310 RSUs Restricted Stock Units converted into Class A common stock on August 1, 2026

Shares withheld for taxes 2,084 shares Class A common stock withheld by issuer to satisfy withholding taxes

Withholding price $23.48 per share Value used for shares withheld to cover tax obligations

RSUs remaining after transaction 30,171 RSUs Total RSUs reported following the August 1, 2026 vesting event

Original RSU grant size 68,963 RSUs Grant to CFO on May 1, 2024 vesting quarterly over four years

Grant date May 1, 2024 Date the 68,963 RSUs were granted to the CFO

Transaction date August 1, 2026 Date of RSU vesting and related tax withholding transactions

Key Terms

Restricted Stock Units, withholding taxes, contingent right

3 terms

Restricted Stock Units financial

"upon the vesting of the restricted stock units ("RSUs") listed in Table II"

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

"No shares were transferred or sold other than 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.

contingent right financial

"Each RSU represents a contingent right to receive one share"

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 05:37 PM Accepted by SEC EDGAR 08/04/2026 - 05:36 PM Learn about SEC filing dates

FAQ

What did DraftKings (DKNG) CFO Alan Wayne Ellingson report on August 1, 2026?

Alan Wayne Ellingson, DraftKings’ Chief Financial Officer, reported the vesting of 4,310 RSUs into Class A common stock on August 1, 2026. This Form 4 reflects a routine equity compensation event rather than an open-market stock purchase or sale by the executive.

How many DraftKings (DKNG) shares were withheld for taxes in Ellingson’s Form 4?

In this filing, 2,084 shares of DraftKings Class A common stock were withheld by the issuer to satisfy withholding taxes. The shares were valued at $23.48 per share, and no additional shares were sold into the market beyond this tax-related withholding.

What RSU grant underlies the transactions reported for DraftKings (DKNG) CFO?

The reported transactions relate to an RSU grant of 68,963 RSUs awarded to the CFO on May 1, 2024. These RSUs vest quarterly over four years, and each RSU represents a contingent right to receive one share of DraftKings’ Class A common stock.

Did DraftKings (DKNG) CFO Ellingson sell shares in the open market?

The reported activity does not show any open-market sales by the CFO. Shares were acquired through RSU vesting and 2,084 shares were disposed of solely to cover tax withholding at $23.48 per share, with the disposition made back to the issuer.

How many RSUs does the DraftKings (DKNG) CFO report holding after this transaction?

After the August 1, 2026 vesting event, the CFO reports 30,171 RSUs remaining. This figure reflects the RSU position following the conversion of 4,310 RSUs into Class A common stock under the long-term incentive award granted on May 1, 2024.

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
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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/01/2026		M		4,310	A	(1)	181,129	D
Class A Common Stock	08/01/2026		F		2,084	D	$23.48	179,045	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)	08/01/2026		M			4,310	(2)	(2)	Class A Common Stock	4,310	$0	30,171	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 4,310 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,084 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. On May 1, 2024, the Reporting Person was granted 68,963 RSUs vesting quarterly over four (4) years from May 1, 2024.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	08/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)