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Form 4: DKNG director now holds 58,032 Class A shares directly

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

Rhea-AI Filing Summary

DraftKings (DKNG) reported a routine insider transaction by a director involving restricted stock units. On November 6, 2025, the director received 446 RSUs issued in lieu of a quarterly cash retainer; the RSUs were granted and became fully vested the same day, with no shares transferred or sold upon vesting.

After these transactions, the director beneficially owns 58,032 shares of Class A Common Stock directly, plus indirect holdings of 10 shares through OneSix Red, LLC and 44,616 shares through the Levin Family 2015 Irrevocable Trust. Each RSU represents the right to receive one Class A share.

Positive

  • None.

Negative

  • None.

Insights

Routine Form 4: 446 RSUs vested; no sale; neutral.

The reporting director received 446 restricted stock units that were granted and fully vested on November 6, 2025, issued in lieu of a quarterly cash retainer. The filing notes no shares were transferred or sold upon vesting, indicating this is standard equity compensation rather than an open‑market trade.

Post‑transaction beneficial ownership stands at 58,032 Class A shares directly, with additional indirect holdings of 10 and 44,616 shares via affiliated entities. Because this reflects routine director compensation and does not involve purchases or sales for cash, the market impact is typically limited.

Insider Levin Woodrow
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 446 $0.00 --
Exercise Restricted Stock Units 446 $0.00 --
Exercise Class A Common Stock 446 $0.00 --
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 446 shares (Direct); Class A Common Stock — 58,032 shares (Direct); Class A Common Stock — 10 shares (Indirect, Held by OneSix Red, LLC)
Footnotes (1)
  1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents RSU grant that is being issued in lieu of a quarterly cash retainer. The RSUs were granted and became fully vested on November 6, 2025.
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*
Levin Woodrow
(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)
11/06/2025
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 11/06/2025 M 446 A (1) 58,032 D
Class A Common Stock 10 I Held by OneSix Red, LLC
Class A Common Stock 44,616 I Held by Levin Family 2015 Irrevocable 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
Restricted Stock Units (1)(2) 11/06/2025 A 446(3) (4) (4) Class A Common Stock 446 $0 446 D
Restricted Stock Units (1)(2) 11/06/2025 M 446(3) (4) (4) Class A Common Stock 446 $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 November 6, 2025.
Remarks:
/s/ Faisal Hasan, attorney-in-fact 11/07/2025
** 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 did DraftKings (DKNG) disclose in this Form 4?

A director received 446 RSUs that were granted and fully vested on November 6, 2025, issued in lieu of a quarterly cash retainer.

Did the DraftKings director sell any shares in this transaction?

No. The filing states no shares were transferred or sold upon the RSU vesting.

How many DraftKings shares does the director own after the transaction?

Direct beneficial ownership is 58,032 Class A shares. Indirect holdings include 10 shares via OneSix Red, LLC and 44,616 via the Levin Family 2015 Irrevocable Trust.

What does each RSU represent for DKNG?

Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock.

Why were the 446 RSUs granted to the DKNG director?

They were issued in lieu of a quarterly cash retainer and vested on November 6, 2025.