DraftKings (NASDAQ: DKNG) CLO nets more stock after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings Inc. Chief Legal Officer Dodge R. Stanton reported routine equity compensation activity. On April 1, 2026, 1,476 restricted stock units converted into the same number of Class A common shares at $0.00 per share. To cover withholding taxes, 646 Class A shares were withheld by DraftKings at $22.16 per share, with the remaining shares added to Stanton’s direct holdings, which totaled 535,900 Class A shares after the transactions. A footnote also states that on February 17, 2026, Stanton was granted 17,707 RSUs that vest monthly over one year from March 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,476 shares exercised/converted
Mixed
3 txns
Insider
Dodge R Stanton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,476 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,476 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 646 | $22.16 | $14K |
Holdings After Transaction:
Restricted Stock Units — 16,231 shares (Direct);
Class A Common Stock — 536,546 shares (Direct)
Footnotes (1)
- 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. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
Key Figures
RSUs exercised: 1,476 units
Shares withheld for tax: 646 shares
Withholding share price: $22.16/share
+3 more
6 metrics
RSUs exercised
1,476 units
Restricted stock units converted to Class A common stock on April 1, 2026
Shares withheld for tax
646 shares
Class A shares withheld at $22.16 to satisfy tax obligations
Withholding share price
$22.16/share
Price used for 646 Class A shares withheld for taxes
Post-transaction holdings
535,900 shares
DraftKings Class A common stock held directly after transactions
New RSU grant
17,707 RSUs
Grant dated February 17, 2026, vesting monthly over one year from March 1, 2026
RSUs remaining line item
16,231 units
RSU balance following the 1,476-unit conversion transaction
Key Terms
Restricted Stock Units, tax-withholding disposition, Class A Common Stock, vest, +1 more
5 terms
Restricted Stock Units financial
"The Reporting Person received the net of the 1,476 shares of Class A Common Stock underlying the 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class A Common Stock financial
"Each RSU represents a contingent right to receive 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.
vest financial
"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
FAQ
What insider transactions did DraftKings (DKNG) Chief Legal Officer report?
DraftKings Chief Legal Officer Dodge R. Stanton exercised 1,476 restricted stock units into Class A common stock. Of these, 646 shares were withheld by DraftKings to cover tax obligations, and the remaining shares increased his direct holdings to 535,900 Class A shares.
What new RSU grant did Dodge R. Stanton receive from DraftKings (DKNG)?
On February 17, 2026, Dodge R. Stanton was granted 17,707 restricted stock units by DraftKings. According to the filing, these RSUs vest monthly over one year beginning March 1, 2026, representing ongoing equity-based compensation for the executive.