DraftKings director’s 5,562 RSUs vest into shares
DraftKings director Woodrow Levin reported the vesting of restricted stock units that converted into 5,562 shares of Class A Common Stock.
Rhea-AI Filing Summary
DraftKings director Woodrow Levin reported the vesting of restricted stock units that converted into 5,562 shares of Class A Common Stock. Footnotes state that no shares were transferred or sold when the RSUs vested, so this is a non‑sale equity award event.
Each RSU represented a right to receive one Class A share, and this grant, originally awarded on August 5, 2025, became fully vested on May 12, 2026. Following the transaction, Levin holds 64,054 Class A shares directly, plus 44,616 shares held indirectly through the Levin Family 2015 Irrevocable Trust and 10 shares held indirectly through OneSix Red, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,562 shares exercised/converted
Exercise
4 txns
Insider
Levin Woodrow
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,562 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,562 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 64,054 shares (Direct);
Class A Common Stock — 10 shares (Indirect, Held by OneSix Red, LLC);
Class A Common Stock — 44,616 shares (Indirect, Held by Levin Family 2015 Irrevocable Trust)
Footnotes (3)
- F1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
- F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026.
Key Figures
RSUs converted: 5,562 shares
Direct Class A holdings: 64,054 shares
Trust-held shares: 44,616 shares
+3 more
6 metrics
RSUs converted
5,562 shares
Restricted Stock Units vesting into Class A Common Stock
Direct Class A holdings
64,054 shares
Total Class A Common Stock directly owned after transaction
Trust-held shares
44,616 shares
Class A Common Stock held by Levin Family 2015 Irrevocable Trust
LLC-held shares
10 shares
Class A Common Stock held by OneSix Red, LLC
Exercise/vesting date
May 12, 2026
Date RSUs became fully vested and converted
Grant date
August 5, 2025
Date RSU grant was originally awarded
Key Terms
Restricted Stock Units, Class A Common Stock, irrevocable trust, derivative security
4 terms
Restricted Stock Units financial
"The RSUs were granted on August 5, 2025 and became fully vested"
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.
Class A Common Stock financial
"No shares of Class A Common Stock were transferred or sold upon vesting"
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.
irrevocable trust financial
"Held by Levin Family 2015 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did DraftKings (DKNG) director Woodrow Levin report in this Form 4?
Woodrow Levin reported the vesting of restricted stock units that converted into 5,562 shares of DraftKings Class A Common Stock. Footnotes clarify that no shares were transferred or sold, indicating this was a compensation-related equity award rather than a market transaction.
When were Woodrow Levin’s DraftKings (DKNG) RSUs granted and when did they vest?
The restricted stock units were granted on August 5, 2025 and became fully vested on May 12, 2026. Upon vesting, 5,562 RSUs converted into an equal number of DraftKings Class A Common Stock shares, with no shares sold at that time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
