DraftKings (DKNG) CFO reports RSU vesting with shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DraftKings Inc. Chief Financial Officer Alan Wayne Ellingson reported multiple restricted stock unit (RSU) vestings on Class A Common Stock on March 1, 2026. RSUs converted into shares at no cost, and some shares were automatically withheld at $23.84 per share solely to cover tax obligations payable to the issuer, not sold on the open market.

Insider Trade Summary

9,789 shares exercised/converted

Mixed 12 txns

Insider Ellingson Alan Wayne

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,606	$0.00	--
Exercise	Restricted Stock Units	2,141	$0.00	--
Exercise	Restricted Stock Units	742	$0.00	--
Exercise	Restricted Stock Units	5,300	$0.00	--
Exercise	Class A Common Stock	1,606	$0.00	--
Tax Withholding	Class A Common Stock	472	$23.84	$11K
Exercise	Class A Common Stock	2,141	$0.00	--
Tax Withholding	Class A Common Stock	629	$23.84	$15K
Exercise	Class A Common Stock	742	$0.00	--
Tax Withholding	Class A Common Stock	218	$23.84	$5K
Exercise	Class A Common Stock	5,300	$0.00	--
Tax Withholding	Class A Common Stock	1,556	$23.84	$37K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Class A Common Stock — 154,093 shares (Direct)

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 1,606 shares of Class A Common Stock underlying the RSUs listed in Table II, and 472 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. 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 2,141 shares of Class A Common Stock underlying the RSUs listed in Table II, and 629 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. 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 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 218 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. 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 5,300 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,556 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. On March 1, 2022, the Reporting Person was granted 25,703 RSUs vesting quarterly over four (4) years from March 1, 2022. On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 84,807 RSUs vesting quarterly over four (4) years from March 1, 2025.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 07:38 PM

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^*

Ellingson Alan Wayne

(Last)

(First)

(Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON

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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/01/2026		M		1,606	A	⁽¹⁾	154,093	D
Class A Common Stock	03/01/2026		F		472	D	$23.84	153,621	D
Class A Common Stock	03/01/2026		M		2,141	A	⁽²⁾	155,762	D
Class A Common Stock	03/01/2026		F		629	D	$23.84	155,133	D
Class A Common Stock	03/01/2026		M		742	A	⁽³⁾	155,875	D
Class A Common Stock	03/01/2026		F		218	D	$23.84	155,657	D
Class A Common Stock	03/01/2026		M		5,300	A	⁽⁴⁾	160,957	D
Class A Common Stock	03/01/2026		F		1,556	D	$23.84	159,401	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/01/2026		M			1,606	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	1,606	$0	0	D
Restricted Stock Units	⁽²⁾	03/01/2026		M			2,141	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	2,141	$0	8,561	D
Restricted Stock Units	⁽³⁾	03/01/2026		M			742	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	742	$0	5,934	D
Restricted Stock Units	⁽⁴⁾	03/01/2026		M			5,300	⁽⁸⁾	⁽⁸⁾	Class A Common Stock	5,300	$0	63,606	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 1,606 shares of Class A Common Stock underlying the RSUs listed in Table II, and 472 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. 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 2,141 shares of Class A Common Stock underlying the RSUs listed in Table II, and 629 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.

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 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 218 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.

4. 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 5,300 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,556 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.

5. On March 1, 2022, the Reporting Person was granted 25,703 RSUs vesting quarterly over four (4) years from March 1, 2022.

6. On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.

7. On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.

8. On February 10, 2025, the Reporting Person was granted 84,807 RSUs vesting quarterly over four (4) years from March 1, 2025.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did DraftKings (DKNG) CFO Alan Wayne Ellingson report?

Alan Wayne Ellingson reported several vestings of restricted stock units into DraftKings Class A Common Stock. These transactions were recorded as derivative exercises, with shares delivered at no cash cost and a portion withheld to satisfy related tax withholding obligations to the company.

Were any DraftKings (DKNG) shares sold by the CFO in this Form 4 filing?

No open-market sales were reported. Shares marked with code F were withheld by DraftKings to cover tax liabilities arising from RSU vesting. Footnotes state no Class A shares were transferred or sold other than to the issuer for withholding taxes on the vested RSUs.

What does transaction code M mean in the DraftKings (DKNG) CFO Form 4?

Transaction code M indicates an exercise or conversion of a derivative security, here restricted stock units. For Ellingson, RSUs converted into Class A Common Stock at a price of $0.00 per share, reflecting standard RSU vesting rather than a cash purchase in the open market.

What does transaction code F indicate for DraftKings (DKNG) in this Form 4?

Transaction code F shows shares used to pay taxes or exercise costs. In this filing, DraftKings withheld Class A shares at $23.84 per share to satisfy tax withholding from RSU vestings, with footnotes clarifying these were not discretionary sales into the market.

How were DraftKings (DKNG) RSUs structured for the CFO according to the footnotes?

Footnotes show multiple RSU grants to the CFO: 25,703 RSUs granted on March 1, 2022, 34,245 on March 1, 2023, 11,868 on February 16, 2024, and 84,807 on February 10, 2025, each vesting quarterly over four years from the stated start date.

Did DraftKings (DKNG) CFO receive net shares from each RSU vesting event?

Yes. For each RSU vesting, the CFO received net shares after tax withholding. Footnotes detail examples, such as 1,606 underlying RSU shares with 472 withheld, and 5,300 underlying RSU shares with 1,556 withheld, leaving the remainder delivered as Class A Common Stock.