DraftKings director exercises 383,455 stock options

DraftKings Inc. director Matthew Kalish exercised stock options for 383,455 shares of Class A Common Stock on 2026-08-12 at an exercise price of $4.70 per share, paying both the aggregate exercise price and tax withholding in cash.

Rhea-AI Filing Summary

DraftKings Inc. director Matthew Kalish exercised stock options for 383,455 shares of Class A Common Stock on 2026-08-12 at an exercise price of $4.70 per share, paying both the aggregate exercise price and tax withholding in cash. The derivative option position for these shares, originally granted on June 4, 2019 and now fully vested, was removed, and the same number of common shares was acquired. Following this exercise, Kalish directly holds 6,499,725 Class A shares, with additional indirect holdings of 196,309 shares held by Kalish Family 2020 Irrevocable Trusts and 2,938 shares held by the Matthew P. Kalish 2020 Trust.

Insider Trade Summary

383,455 shares exercised/converted

Exercise 4 txns

Insider Kalish Matthew

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option F2	383,455	$0.00	$0.00
Exercise	Class A Common Stock F1	383,455	$4.70	$1.80M
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option — 300,583 contracts (Direct); Class A Common Stock — 6,499,725 shares (Direct); Class A Common Stock — 196,309 shares (Indirect, Held by Kalish Family 2020 Irrevocable Trusts); Class A Common Stock — 2,938 shares (Indirect, Held by Matthew P. Kalish 2020 Trust)

Footnotes (2)

1. F1. The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholding in cash.
2. F2. These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested.

Key Figures

Options exercised: 383,455 shares Exercise price: $4.70 per share Direct holdings after transaction: 6,499,725 shares +4 more

7 metrics

Options exercised 383,455 shares Stock options converted into Class A Common Stock on 2026-08-12

Exercise price $4.70 per share Exercise price for the 383,455 stock options

Direct holdings after transaction 6,499,725 shares Class A Common Stock directly held by Matthew Kalish after the exercise

Indirect trust holdings (family trusts) 196,309 shares Held by Kalish Family 2020 Irrevocable Trusts

Indirect trust holdings (personal trust) 2,938 shares Held by Matthew P. Kalish 2020 Trust

Option grant date June 4, 2019 Grant date of the exercised stock options, now fully vested

Option expiration date 2029-06-04 Expiration date of the exercised stock option award

Key Terms

Stock Option, Class A Common Stock, exercise price, Irrevocable Trusts

4 terms

Stock Option financial

"security_title is listed as Stock Option for the derivative transaction"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

Class A Common Stock financial

"underlying_security_title and acquired shares are Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

exercise price financial

"paid the aggregate exercise price and the tax withholding in cash"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Irrevocable Trusts financial

"Held by Kalish Family 2020 Irrevocable Trusts"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DraftKings (DKNG) director Matthew Kalish report in this Form 4?

Matthew Kalish reported an exercise of stock options for 383,455 shares of DraftKings Class A Common Stock on 2026-08-12, with the options exercised at $4.70 per share and paid entirely in cash, including related tax withholding.

How many DraftKings (DKNG) shares did Matthew Kalish acquire through the option exercise?

Kalish acquired 383,455 shares of DraftKings Class A Common Stock through the exercise of stock options. The options converted into the same number of common shares, with no sale reported in this filing and cash used to cover exercise price and taxes.

What are Matthew Kalish’s direct DraftKings (DKNG) holdings after this transaction?

After the transaction, Kalish directly holds 6,499,725 shares of DraftKings Class A Common Stock. This reflects the addition of 383,455 exercised shares and the removal of the corresponding stock option position reported as a derivative disposition.

Does Matthew Kalish have indirect DraftKings (DKNG) share ownership through trusts?

Yes. Indirectly, 196,309 shares are held by Kalish Family 2020 Irrevocable Trusts and 2,938 shares are held by the Matthew P. Kalish 2020 Trust, in addition to his direct DraftKings Class A share holdings.

What were the key terms of the DraftKings (DKNG) stock options Matthew Kalish exercised?

The stock options covered 383,455 underlying shares of Class A Common Stock at an exercise price of $4.70 per share. They were originally granted on June 4, 2019, and by the transaction date, all remaining stock options under this grant had fully vested.

Did Matthew Kalish sell any DraftKings (DKNG) shares in this Form 4 filing?

No sales were reported. The filing shows a derivative exercise of options for 383,455 shares and an equivalent acquisition of common stock, with the aggregate exercise price and tax withholding paid in cash rather than by delivering shares.

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

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Accepted by SEC EDGAR 08/14/2026 - 05:31 PM EDT Learn about SEC filing dates

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^*

Kalish Matthew

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026

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	08/12/2026		M		383,455(1)	A	$4.7	6,499,725	D
Class A Common Stock								196,309	I	Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock								2,938	I	Held by Matthew P. Kalish 2020 Trust

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
Stock Option	$4.7	08/12/2026		M			383,455	(2)	06/04/2029	Class A Common Stock	383,455	$0	300,583	D

Explanation of Responses:

1. The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholding in cash.

2. These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	08/14/2026
	** 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)