Form 4: Kalish Matthew reports multiple insider transactions in DKNG

Rhea-AI Filing Summary

Kalish Matthew reported multiple insider transaction types in a Form 4 filing for DKNG. The filing lists transactions totaling 65,281 shares at a weighted average price of $27.22 per share. Following the reported transactions, holdings were 5,801,772 shares.

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^*

Kalish Matthew

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		M		28,309	A	(1)	5,801,772	D
Class A Common Stock	02/09/2026		F		8,663	D	$27.22	5,793,109	D
Class A Common Stock								196,309	I	Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock								2,938	I	Held by Matthew P. Kalish 2020 Trust

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)	02/09/2026		M			28,309	(2)	(2)	Class A Common Stock	28,309	$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") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 8,663 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 452,940 RSUs vesting quarterly over four (4) years.

Remarks:

President, DraftKings North America

	/s/ Faisal Hasan, attorney-in-fact	02/11/2026
	** 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.

FAQ

What insider transaction did DKNG executive Matthew Kalish report on February 9, 2026?

Matthew Kalish reported the vesting and exercise of 28,309 restricted stock units into Class A Common Stock on February 9, 2026. These units converted at an exercise price of $0 per share, reflecting equity compensation rather than an open-market purchase.

Did Matthew Kalish sell DraftKings (DKNG) shares in the open market in this Form 4?

No open-market sale occurred. 8,663 Class A shares were disposed of solely to DraftKings to satisfy withholding taxes tied to RSU vesting, at a reported price of $27.22 per share. This is a tax-withholding disposition, not a discretionary share sale.

How many DraftKings (DKNG) shares does Matthew Kalish own after the reported Form 4 transactions?

After the transactions, Kalish directly owned 5,793,109 Class A shares. He also indirectly held 196,309 shares through the Kalish Family 2020 Irrevocable Trusts and 2,938 shares through the Matthew P. Kalish 2020 Trust, as disclosed in the ownership table.

What are the key details of the RSUs reported by Matthew Kalish for DraftKings (DKNG)?

The reported RSUs relate to a February 9, 2022 grant of 452,940 restricted stock units vesting quarterly over four years. On February 9, 2026, 28,309 RSUs vested and were converted into Class A Common Stock, with each RSU representing one share upon vesting.

Why were 8,663 DraftKings (DKNG) shares withheld in Matthew Kalish’s Form 4?

The filing states 8,663 Class A shares were withheld by DraftKings to satisfy withholding taxes triggered by RSU vesting. This is classified under transaction code F, meaning payment of tax liability by delivering securities back to the issuer instead of paying cash.

What roles does Matthew Kalish hold at DraftKings (DKNG) according to this filing?

Kalish is identified as both a director and an officer of DraftKings, with the remarks listing him as President, DraftKings North America. These roles are disclosed in the relationship section of the Form 4, alongside his equity holdings and recent RSU activity.