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Form 4: Robins Jason reports multiple insider transactions in DKNG

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

Rhea-AI Filing Summary

Robins Jason reported multiple insider transaction types in a Form 4 filing for DKNG. The filing lists transactions totaling 88,227 shares at a weighted average price of $27.22 per share. Following the reported transactions, holdings were 3,540,268 shares.

Positive

  • None.

Negative

  • None.
Insider Robins Jason
Role See Remarks
Type Security Shares Price Value
Exercise Restricted Stock Units 38,217 $0.00 --
Exercise Class A Common Stock 38,217 $0.00 --
Tax Withholding Class A Common Stock 11,793 $27.22 $321K
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Class A Common Stock — 3,540,268 shares (Direct); Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)
Footnotes (1)
  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 38,217 shares of Class A Common Stock underlying the RSUs listed in Table II, and 11,793 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. On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.
Form 4 Insider Transactions: What Each Field Means →
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*
Robins Jason
(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)
02/09/2026
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 02/09/2026 M 38,217 A (1) 3,540,268 D
Class A Common Stock 02/09/2026 F 11,793 D $27.22 3,528,475 D
Class A Common Stock 90 I Held by Jason Robins Revocable Trust u/d/t January 8, 2014
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) 02/09/2026 M 38,217 (2) (2) Class A Common Stock 38,217 $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") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,217 shares of Class A Common Stock underlying the RSUs listed in Table II, and 11,793 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 February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.
Remarks:
Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.
/s/ Faisal Hasan, attorney-in-fact 02/11/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DraftKings (DKNG) CEO Jason Robins report?

Jason Robins reported the vesting and conversion of 38,217 restricted stock units into Class A Common Stock. As part of this equity award event, 11,793 shares were withheld by DraftKings to cover tax obligations, with the remaining shares increasing his direct Class A holdings.

How many DraftKings (DKNG) Class A shares does Jason Robins own after this Form 4?

After the reported transactions, Jason Robins directly owned 3,528,475 shares of DraftKings Class A Common Stock. He also indirectly held 90 additional Class A shares through the Jason Robins Revocable Trust dated January 8, 2014, as disclosed in the ownership table.

Were any DraftKings (DKNG) shares sold on the open market in this filing?

No open‑market sale was reported. The filing explains that shares were only transferred to DraftKings to satisfy withholding taxes. Specifically, 11,793 Class A shares were withheld by the issuer in connection with the vesting of restricted stock units on February 9, 2026.

What is the size and vesting schedule of Jason Robins’ DraftKings (DKNG) RSU grant?

Jason Robins received a grant of 611,468 restricted stock units on February 9, 2022. According to the disclosure, these RSUs vest quarterly over four years, with each vested unit representing the right to receive one share of DraftKings Class A Common Stock.

How much DraftKings (DKNG) Class B stock does Jason Robins hold?

The remarks section states that Jason Robins is the sole holder of 393,013,951 shares of DraftKings Class B Common Stock. The disclosure also clarifies that these Class B shares are not registered securities, distinguishing them from the Class A shares reported.