DKNG Insider Filing: Erik Bradbury RSUs Vest on 09/01/2025
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.
Positive
- None.
Negative
- None.
Insights
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,745 | $0.00 | -- |
| Exercise | Restricted Stock Units | 931 | $0.00 | -- |
| Exercise | Restricted Stock Units | 139 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,745 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,273 | $47.98 | $61K |
| Exercise | Class A Common Stock | 931 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 432 | $47.98 | $21K |
| Exercise | Class A Common Stock | 139 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 65 | $47.98 | $3K |
Footnotes (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. 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. 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. On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024. On February 11, 2025, the Reporting Person was granted 14,901 RSUs vesting quarterly over four (4) years from March 1, 2025. On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.
