DraftKings (DKNG) Chief Accounting Officer sells 862 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 862 shares ($21,834)
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, null)
Footnotes (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. 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. 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.
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.