DraftKings Inc. (DKNG) CLO reports RSU vesting and tax-share withholding
Rhea-AI Filing Summary
DraftKings Inc. reported that Chief Legal Officer Dodge R. Stanton settled 1,476 restricted stock units into an equal number of Class A Common shares on August 1, 2026. Of these, 646 shares were withheld at $23.48 per share to satisfy tax obligations. Following this vesting, 10,329 RSUs remain outstanding, and Stanton also has a 17,707-RSU grant awarded on February 17, 2026 that vests monthly over one year from March 1, 2026.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 830 shares
Net Buy
3 txns
Insider
Dodge R Stanton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 1,476 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,476 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 646 | $23.48 | $15K |
Holdings After Transaction:
Restricted Stock Units — 10,329 shares (Direct);
Class A Common Stock — 557,917 shares (Direct)
Footnotes (2)
- 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 1,476 shares of Class A Common Stock underlying the RSUs listed in Table II, and 646 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.
- F2. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over (1) year from March 1, 2026.
Key Figures
RSUs converted: 1,476 shares
Shares withheld for taxes: 646 shares
Tax withholding price: $23.4800 per share
+2 more
5 metrics
RSUs converted
1,476 shares
Restricted Stock Units converted into Class A Common Stock on August 1, 2026
Shares withheld for taxes
646 shares
Class A Common shares withheld to satisfy withholding taxes at $23.4800 per share
Tax withholding price
$23.4800 per share
Per-share value used for withholding shares to cover tax liability on August 1, 2026
RSUs remaining
10,329 RSUs
Restricted Stock Units outstanding following the reported vesting transaction
New RSU grant
17,707 RSUs
RSUs granted on February 17, 2026, vesting monthly over one year from March 1, 2026
Key Terms
Restricted Stock Units, withholding taxes, contingent right, Class A Common Stock
4 terms
Restricted Stock Units financial
"upon the vesting of the restricted stock units ("RSUs")"
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
"other than to the Issuer 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"
Class A Common Stock financial
"one share of the Issuer's 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DraftKings (DKNG) Chief Legal Officer Dodge R. Stanton report?
Dodge R. Stanton reported the vesting of 1,476 restricted stock units into Class A Common shares. In connection with this vesting, 646 shares were withheld to satisfy tax obligations, and 10,329 RSUs remain outstanding after the transaction.
How many restricted stock units does Dodge R. Stanton still hold at DraftKings (DKNG)?
After the reported vesting event, Dodge R. Stanton holds 10,329 restricted stock units. This figure reflects the remaining RSU balance following the conversion of 1,476 RSUs into Class A Common Stock on August 1, 2026.
What are the terms of Dodge R. Stanton’s new RSU grant at DraftKings (DKNG)?
Stanton was granted 17,707 RSUs on February 17, 2026, vesting monthly over one year from March 1, 2026. Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock upon vesting.