DraftKings director receives 7,575 shares in vesting

DraftKings director Gregory Westin Wendt acquired 7,575 shares of Class A Common Stock through vesting of restricted stock units.

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.

Insider Trade Summary

7,575 shares exercised/converted

Exercise 2 txns

Insider Wendt Gregory Westin

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	7,575	$0.00	$0.00
Exercise	Class A Common Stock	7,575	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 17,920 shares (Direct)

Footnotes (3)

1. F1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
2. F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
3. F3. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many DraftKings (DKNG) shares did Gregory Wendt receive from RSU vesting?

Gregory Westin Wendt received 7,575 shares of DraftKings Class A Common Stock upon RSU vesting. Each restricted stock unit converted into one share, increasing his direct holdings while involving no cash purchase and no disposition of shares in the market.

Were any DraftKings (DKNG) shares sold in Gregory Wendt’s latest Form 4?

No shares were sold in Gregory Westin Wendt’s latest Form 4. The footnotes state that no Class A Common Stock was transferred or sold upon vesting of the restricted stock units, indicating this was a non-sale equity compensation event.

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.

What is Gregory Wendt’s DraftKings Class A shareholding after this RSU vesting?

After the RSU vesting, Gregory Westin Wendt directly holds 17,920 shares of DraftKings Class A Common Stock. This total reflects the addition of 7,575 shares received from the vested restricted stock units, with no shares reported as sold or transferred.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/14/2026 - 04:21 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Wendt Gregory Westin

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/12/2026		M		7,575	A	(1)	17,920	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)	05/12/2026		M			7,575	(3)	(3)	Class A Common Stock	7,575	$0	0	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. The RSUs were granted on October 24, 2025 and became fully vested on May 12, 2026.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	05/14/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)