DraftKings (DKNG) director gets 345 RSUs that vest into shares

Rhea-AI Filing Summary

DraftKings Inc. director Gregory Westin Wendt reported an equity award and vesting event. On February 10, 2026, he received 345 restricted stock units (RSUs) granted in lieu of a quarterly cash retainer. Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock.

The RSUs were granted and became fully vested on February 10, 2026, and were converted into 345 shares of Class A Common Stock at a price of $0 per share. After this conversion, Wendt directly beneficially owned 10,345 Class A shares. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs.

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

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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^*

Wendt Gregory Westin

(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		345	A	(1)	10,345	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		345(3)		(4)	(4)	Class A Common Stock	345	$0	345	D
Restricted Stock Units	(1)(2)	02/10/2026		M			345(3)	(4)	(4)	Class A Common Stock	345	$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 Gregory Westin Wendt?

DraftKings director Gregory Westin Wendt reported an equity compensation event. He received 345 restricted stock units (RSUs) that vested and converted into 345 Class A Common Stock shares on February 10, 2026, increasing his directly held position to 10,345 shares.

How many DraftKings Class A shares does Gregory Westin Wendt own after this Form 4?

After the reported transactions, Gregory Westin Wendt directly beneficially owns 10,345 shares of DraftKings Class A Common Stock. This reflects the conversion of 345 vested restricted stock units into an equal number of Class A shares at a stated price of $0.

Were any DraftKings (DKNG) shares sold in Gregory Westin Wendt’s February 10, 2026 transaction?

No, 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 345 Class A shares, which increased Wendt’s directly held DraftKings share count.

What are the terms of the restricted stock units granted to Gregory Westin Wendt at DraftKings?

Each restricted stock unit represents a contingent right to receive one share of DraftKings Class A Common Stock. The 345 RSUs were granted in lieu of a quarterly cash retainer and became fully vested on February 10, 2026, then converted into 345 Class A shares.

Why did DraftKings grant 345 restricted stock units to director Gregory Westin Wendt?

The Form 4 notes that the 345 restricted stock units represent a grant issued in lieu of a quarterly cash retainer. This means Wendt received equity-based compensation instead of cash, with the RSUs vesting and converting into 345 Class A Common Stock shares.

When did Gregory Westin Wendt’s DraftKings restricted stock units vest and convert to shares?

The filing states that the restricted stock units were granted and became fully vested on February 10, 2026. On that same date, 345 vested RSUs converted into 345 shares of DraftKings Class A Common Stock at a price of $0 per share.