DraftKings (DKNG) director gets 7,575 vested shares, no sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings director Gregory Westin Wendt acquired 7,575 shares of Class A Common Stock through vesting of restricted stock units. The RSUs were granted on October 24, 2025 and became fully vested on May 12, 2026. No shares were transferred or sold, and his direct holdings now total 17,920 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,575 shares exercised/converted
Mixed
2 txns
Insider
Wendt Gregory Westin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,575 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,575 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 17,920 shares (Direct, null)
Footnotes (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. The RSUs were granted on October 24, 2025 and became fully vested on May 12, 2026.
Key Figures
RSUs vested: 7,575 shares
Shares after transaction: 17,920 shares
RSU grant date: October 24, 2025
+1 more
4 metrics
RSUs vested
7,575 shares
Restricted stock units converted to Class A Common Stock on May 12, 2026
Shares after transaction
17,920 shares
Direct Class A Common Stock holdings following RSU vesting
RSU grant date
October 24, 2025
Grant date of restricted stock units that later vested
Vesting date
May 12, 2026
Date RSUs became fully vested and converted into shares
Key Terms
Restricted Stock Units, Class A Common Stock, vested, derivative security
4 terms
Restricted Stock Units financial
"The RSUs were granted on October 24, 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"
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.
vested financial
"The RSUs were granted on October 24, 2025 and became fully vested"
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 insider transaction did DraftKings (DKNG) director Gregory Wendt report?
DraftKings director Gregory Westin Wendt reported the vesting of 7,575 restricted stock units into Class A Common Stock. This Form 4 shows a derivative exercise, with no open-market purchase or sale and no shares transferred or sold in the transaction.
When were Gregory Wendt’s DraftKings restricted stock units granted and vested?
Gregory Westin Wendt’s restricted stock units were granted on October 24, 2025 and became fully vested on May 12, 2026. Upon vesting, they converted into Class A Common Stock on a one-for-one basis, increasing his direct share ownership.