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  4. [Form 4] DraftKings Inc. Insider Trading Activity

DKNG insider: 14,155 RSUs convert; holdings now 508,416 shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DraftKings (DKNG) insider activity: The Chief Legal Officer reported an RSU vesting on 11/09/2025. 14,155 restricted stock units converted to Class A common stock at $0 exercise price (code M), and 6,193 shares were withheld by the issuer at $30.4 to cover taxes (code F). After these transactions, direct ownership stands at 508,416 Class A shares.

The RSUs stem from a grant dated February 9, 2022 that vests quarterly over four years. Derivative holdings show 14,154 RSUs remaining following the reported activity.

Positive

  • None.

Negative

  • None.
Insider Dodge R Stanton
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 14,155 $0.00 --
Exercise Class A Common Stock 14,155 $0.00 --
Tax Withholding Class A Common Stock 6,193 $30.40 $188K
Holdings After Transaction: Restricted Stock Units — 14,154 shares (Direct); Class A Common Stock — 514,609 shares (Direct)
Footnotes (1)
  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 14,155 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,193 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 9, 2022, the Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years.
Form 4 Insider Transactions: What Each Field Means →
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*
Dodge R Stanton
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2025
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 11/09/2025 M 14,155 A (1) 514,609 D
Class A Common Stock 11/09/2025 F 6,193 D $30.4 508,416 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) 11/09/2025 M 14,155 (2) (2) Class A Common Stock 14,155 $0 14,154 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") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 14,155 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,193 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.
2. On February 9, 2022, the Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years.
Remarks:
/s/ Faisal Hasan, attorney-in-fact 11/12/2025
** 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did DraftKings (DKNG) disclose in this Form 4?

On 11/09/2025, the Chief Legal Officer had 14,155 RSUs vest and 6,193 shares were withheld at $30.4 for taxes.

How many DraftKings (DKNG) shares does the insider own after the transactions?

Direct ownership is now 508,416 shares of Class A common stock.

What do the Form 4 transaction codes M and F indicate for DKNG?

Code M reflects RSU conversion to common stock; code F reflects shares withheld by the issuer to satisfy tax withholding.

What RSU grant is referenced for DraftKings (DKNG)?

A grant on February 9, 2022 of 226,470 RSUs that vest quarterly over four years.

How many DraftKings (DKNG) RSUs remain after this event?

Derivative holdings show 14,154 RSUs remaining.

At what price were shares withheld for taxes for DKNG?

The issuer withheld 6,193 shares at $30.4 per share to satisfy taxes.