DraftKings director Levin sells 34K shares
DraftKings director Levin Woodrow reported an open-market sale of 34,234 shares of Class A common stock at a weighted average price of $25.71 per share.
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Form Type
4
Rhea-AI Filing Summary
DraftKings director Levin Woodrow reported an open-market sale of 34,234 shares of Class A common stock at a weighted average price of $25.71 per share. After this sale, he directly holds 29,820 shares, plus indirect holdings of 44,616 shares in a family trust and 10 shares via an LLC.
Insider Trade Summary
Net Seller: 34,234 shares
Net Sell
3 txns
Insider
Levin Woodrow
Role
Director
Sold
34,234 shs ($880K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 34,234 | $25.71 | $880K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 29,820 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 (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.70 to $25.73, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1 to this Form 4.
Key Figures
Shares sold: 34,234 shares
Weighted average sale price: $25.71 per share
Price range: $25.70–$25.73 per share
+4 more
7 metrics
Shares sold
34,234 shares
Open-market sale of DraftKings Class A common stock
Weighted average sale price
$25.71 per share
Average price for 34,234 sold shares
Price range
$25.70–$25.73 per share
Range of individual sale prices in the transaction
Direct holdings after sale
29,820 shares
Class A common stock directly held by Levin Woodrow
Trust holdings after sale
44,616 shares
Held by Levin Family 2015 Irrevocable Trust
LLC holdings after sale
10 shares
Held by OneSix Red, LLC
Net share change
-34,234 shares
Net buy/sell shares in transaction summary
Key Terms
open-market sale, Class A Common Stock, weighted average price, indirect ownership, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title": "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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
""ownership_type": "indirect""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Levin Woodrow report for DraftKings (DKNG)?
Levin Woodrow reported selling 34,234 DraftKings Class A shares in an open-market transaction. The weighted average sale price was $25.71 per share, with individual trades executed between $25.70 and $25.73, according to the detailed pricing footnote provided in the filing.
How are Levin Woodrow’s indirect DraftKings (DKNG) holdings structured?
The filing shows 44,616 DraftKings shares held indirectly by the Levin Family 2015 Irrevocable Trust. It also reports 10 shares held indirectly by OneSix Red, LLC. These indirect positions are reported separately from his 29,820 directly held shares after the sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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