DraftKings CAO sells 862 shares in planned trade

DraftKings Inc. Chief Accounting Officer Erik Bradbury sold 862 shares of Class A Common Stock in an open-market transaction.

Rhea-AI Filing Summary

DraftKings Inc. Chief Accounting Officer Erik Bradbury sold 862 shares of Class A Common Stock in an open-market transaction. The sale occurred on May 20, 2026 at a weighted average price of $25.33 per share, with individual trades ranging from $25.26 to $25.38 per share.

Following this transaction, Bradbury directly holds 38,168 shares of DraftKings Class A Common Stock. The filing notes that the sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on November 10, 2025, indicating the trades were scheduled in advance. A footnote also states that his holdings include 862 shares purchased through the company’s Employee Stock Purchase Plan for the period ended May 19, 2026.

Insider Trade Summary 10b5-1

Net Seller: 862 shares

Net Sell 1 txn

Insider Bradbury Erik

Role Chief Accounting Officer

Sold 862 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	862	$25.33	$22K

Holdings After Transaction: Class A Common Stock — 38,168 shares (Direct)

Footnotes (3)

1. F1. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 10, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.26 to $25.38, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.
3. F3. Includes 862 shares of Class A Common Stock purchased through the Amended and Restated DraftKings Inc. Employee Stock Purchase Plan for the period ended May 19, 2026.

Key Figures

Shares sold: 862 shares Weighted average sale price: $25.33 per share Post-transaction holdings: 38,168 shares +2 more

5 metrics

Shares sold 862 shares Open-market sale on May 20, 2026

Weighted average sale price $25.33 per share Class A Common Stock sale

Post-transaction holdings 38,168 shares Class A Common Stock held directly after sale

Sale price range $25.26–$25.38 per share Multiple transactions on May 20, 2026

ESPP shares included 862 shares Purchased via Employee Stock Purchase Plan, period ended May 19, 2026

Key Terms

Rule 10b5-1, weighted average price, Employee Stock Purchase Plan, Class A Common Stock

4 terms

Rule 10b5-1 regulatory

"adopted on November 10, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Employee Stock Purchase Plan financial

"purchased through the Amended and Restated DraftKings Inc. Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Class A Common Stock financial

"The reported sale was made pursuant to a pre-arranged program for selling shares of 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.

FAQ

What insider transaction did DraftKings (DKNG) report for Erik Bradbury?

DraftKings reported that Chief Accounting Officer Erik Bradbury sold 862 shares of Class A Common Stock. The sale was an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan, which schedules trades in advance to reduce timing concerns.

At what price did Erik Bradbury sell DraftKings (DKNG) shares?

Erik Bradbury’s 862 DraftKings shares were sold at a weighted average price of $25.33 per share. A filing footnote explains that multiple trades occurred within a price range from $25.26 to $25.38 per share, all on May 20, 2026.

How many DraftKings (DKNG) shares does Erik Bradbury hold after the sale?

After the reported sale, Erik Bradbury directly holds 38,168 shares of DraftKings Class A Common Stock. This figure reflects his remaining direct ownership position as shown in the filing’s post-transaction holdings column for non-derivative securities.

Was Erik Bradbury’s DraftKings (DKNG) share sale under a Rule 10b5-1 plan?

Yes. The filing states the sale was made under a pre-arranged Rule 10b5-1 trading program adopted on November 10, 2025. Such plans schedule trades automatically, indicating the timing is predetermined rather than based on short-term market developments.

What does the price range in Erik Bradbury’s DraftKings (DKNG) sale mean?

The filing lists a weighted average sale price of $25.33 for Bradbury’s 862 shares, with individual trades between $25.26 and $25.38. This means the shares were sold in multiple executions within that range rather than at a single fixed price.

How are Employee Stock Purchase Plan shares reflected for DraftKings (DKNG) insider Erik Bradbury?

A footnote explains that Bradbury’s holdings include 862 shares acquired through DraftKings’ Amended and Restated Employee Stock Purchase Plan for the period ended May 19, 2026. These ESPP shares are part of his reported Class A Common Stock ownership.

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Accepted by SEC EDGAR 05/22/2026 - 04:32 PM 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).

X

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^*

Bradbury Erik

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		S(1)		862	D	$25.33(2)	38,168(3)	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

Explanation of Responses:

1. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 10, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.26 to $25.38, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.

3. Includes 862 shares of Class A Common Stock purchased through the Amended and Restated DraftKings Inc. Employee Stock Purchase Plan for the period ended May 19, 2026.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	05/22/2026
	** 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)