DraftKings insider filing reveals routine director equity award

Rhea-AI Filing Summary

DraftKings (DKNG) – Form 4: Director Valerie Mosley reported equity activity dated 5 Aug 2025.

• 333 Class A shares acquired following automatic vesting of previously granted RSUs; no shares were sold. Mosley now owns 44,166 shares directly.
• 333 new RSUs granted in lieu of the quarterly cash retainer; these units vested immediately.
• 5,562 RSUs representing the annual director equity award were granted; they vest on the earlier of the 2026 shareholder meeting or one-year anniversary.

All transactions carried a $0.00 exercise price, resulting in no cash outlay. The disclosure reflects routine board compensation and does not materially alter insider ownership or control.

Positive

• Director increased direct share ownership by 333 shares, aligning interests with shareholders.
• Annual equity grant of 5,562 RSUs strengthens long-term incentive structure without immediate cash cost.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director RSU activity; neutral for DKNG valuation.

The filing shows Valerie Mosley converting 333 vested RSUs into shares and receiving 333 immediately vested RSUs plus an annual 5,562-unit grant. Post-transaction ownership is 44,166 shares—immaterial versus DraftKings’ multihundred-million share base—so governance influence is unchanged. No shares were sold, implying neither bullish nor bearish insider sentiment. Grants are cash-free, cause minimal dilution, and are consistent with the company’s standard director compensation policy. Overall impact for investors is negligible.

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

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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^*

Mosley Valerie

(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)
08/05/2025

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	08/05/2025		M		333	A	(1)	44,166	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)	08/05/2025		A		333(3)		(4)	(4)	Class A Common Stock	333	$0.00	333	D
Restricted Stock Units	(1)(2)	08/05/2025		M			333(3)	(4)	(4)	Class A Common Stock	333	$0.00	0	D
Restricted Stock Units	(2)	08/05/2025		A		5,562(5)		(6)	(6)	Class A Common Stock	5,562	$0.00	5,562	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 August 5, 2025.

5. Represents annual equity grant.

6. The RSUs were granted on August 5, 2025 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2026 and the first anniversary of the grant date.

	/s/ Faisal Hasan, attorney-in-fact	08/07/2025
	** 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).
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FAQ

How many DraftKings shares did Valerie Mosley acquire on 5 Aug 2025?

She acquired 333 Class A shares upon RSU vesting.

What is Valerie Mosley’s total DraftKings ownership after the filing?

Her direct holdings stand at 44,166 shares.

When do the 5,562 newly granted RSUs vest?

They vest in full on the earlier of the 2026 shareholder meeting or 5 Aug 2026.

Did Valerie Mosley sell any DraftKings shares in this Form 4?

No. No shares were sold; all activity was RSU grants and vesting.

What was the exercise price of the RSU transactions?

The RSUs carried an exercise price of $0.00 per share.