[Form 4] DraftKings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Erik Bradbury, Chief Accounting Officer of DraftKings Inc. (DKNG), reported multiple restricted stock unit (RSU) vestings effective 09/01/2025. The filing shows the net receipt of 2,745, 931, and 139 Class A shares from three RSU tranches, while the issuer withheld 1,273, 432, and 65 shares respectively to satisfy taxes. After these transactions, the reporting person beneficially owned 32,942, 13,039, and 1,952 Class A shares attributable to the vested RSUs and total reported Class A common stock ownership of 18,417 shares following the last reported transaction. The grants originated on 08/12/2024, 02/11/2025, and 02/28/2025, with multi-year quarterly vesting schedules.

Insights

Compensation Analyst

TL;DR: Routine executive RSU vestings reported; withholding for taxes reduced delivered shares.

The Form 4 documents standard equity compensation vesting for a named executive officer. Multiple RSU tranches vested on 09/01/2025, producing net share deliveries after tax withholding. The filing clarifies the original grant dates and vesting schedules, and updates beneficial ownership counts. This is a non-cash, non-trading event reflecting standard compensation mechanics rather than an opportunistic sale or purchase.

Securities Compliance Specialist

TL;DR: Disclosure appears complete for the reported vestings and tax-withholding; no derivative exercises or open-market trades reported.

The submission includes Table I and Table II entries linking RSU vestings to underlying Class A shares and records withholding amounts withheld by the issuer. Transaction codes and resulting beneficial ownership figures are provided, and the form is signed by an attorney-in-fact. The filing meets Section 16 reporting expectations for changes in beneficial ownership related to compensation vesting.

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

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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^*

Bradbury Erik

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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	09/01/2025		M		2,745	A	(1)	19,117	D
Class A Common Stock	09/01/2025		F		1,273	D	$47.98	17,844	D
Class A Common Stock	09/01/2025		M		931	A	(2)	18,775	D
Class A Common Stock	09/01/2025		F		432	D	$47.98	18,343	D
Class A Common Stock	09/01/2025		M		139	A	(3)	18,482	D
Class A Common Stock	09/01/2025		F		65	D	$47.98	18,417	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)	09/01/2025		M			2,745	(4)	(4)	Class A Common Stock	2,745	$0.00	32,942	D
Restricted Stock Units	(2)	09/01/2025		M			931	(5)	(5)	Class A Common Stock	931	$0.00	13,039	D
Restricted Stock Units	(3)	09/01/2025		M			139	(6)	(6)	Class A Common Stock	139	$0.00	1,952	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 2,745 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,273 shares of Class A Common Stock withheld by the Issuer.

2. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 931 shares of Class A Common Stock underlying the RSUs listed in Table II, and 432 shares of Class A Common Stock withheld by the Issuer.

3. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 139 shares of Class A Common Stock underlying the RSUs listed in Table II, and 65 shares of Class A Common Stock withheld by the Issuer.

4. On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024.

5. On February 11, 2025, the Reporting Person was granted 14,901 RSUs vesting quarterly over four (4) years from March 1, 2025.

6. On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.

	/s/ Faisal Hasan, attorney-in-fact	09/03/2025
	** 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.
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FAQ

Who filed the Form 4 for DKNG and what is their role?

The Form 4 was filed for Erik Bradbury, who is identified as the Chief Accounting Officer of DraftKings Inc. (DKNG).

What transactions occurred on 09/01/2025 in the DKNG Form 4?

Multiple RSU vestings occurred on 09/01/2025, resulting in net receipt of 2,745, 931, and 139 Class A shares and withholding of 1,273, 432, and 65 shares for taxes.

How many Class A shares does the reporting person beneficially own after the reported transactions?

Following the reported transactions, the filing shows beneficial ownership figures tied to the vested RSUs of 32,942, 13,039, and 1,952 Class A shares, and a reported total Class A holding of 18,417 shares after the last transaction line.

When were the RSU grants originally made?

The RSU grants were made on 08/12/2024 (43,923 RSUs), 02/11/2025 (14,901 RSUs), and 02/28/2025 (2,230 RSUs), each vesting quarterly over four years beginning on specified start dates.

Were any open-market purchases or sales reported in this Form 4?

No open-market purchases or sales are reported; transactions relate to RSU vestings and shares withheld by the issuer to satisfy tax withholding.