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  4. [Form 4] DraftKings Inc. Insider Trading Activity

DraftKings CLO gets 34,721 shares on RSU vest

DraftKings’ Chief Legal Officer had RSUs vest into shares, with a portion withheld for taxes and no market sales reported.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) reported that Chief Legal Officer Dodge R Stanton had restricted stock units (RSUs) vest into 34,721 shares of Class A Common Stock on September 1, 2026. The company’s footnotes state that no shares were sold in the market; instead, 15,193 shares were withheld by DraftKings to satisfy tax withholding obligations at $23.44 per share, and Stanton received the remaining shares. The filing does not indicate that these transactions were made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider Dodge R Stanton
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F6 11,029 $0.00 $0.00
Exercise Restricted Stock Units F2, F7 4,825 $0.00 $0.00
Exercise Restricted Stock Units F3, F8 4,997 $0.00 $0.00
Exercise Restricted Stock Units F4, F9 12,395 $0.00 $0.00
Exercise Restricted Stock Units F5, F10 1,475 $0.00 $0.00
Exercise Class A Common Stock F1 11,029 -- --
Exercise Price or Tax Liability Class A Common Stock 4,826 $23.44 $113K
Exercise Class A Common Stock F2 4,825 -- --
Exercise Price or Tax Liability Class A Common Stock 2,111 $23.44 $49K
Exercise Class A Common Stock F3 4,997 -- --
Exercise Price or Tax Liability Class A Common Stock 2,187 $23.44 $51K
Exercise Class A Common Stock F4 12,395 -- --
Exercise Price or Tax Liability Class A Common Stock 5,423 $23.44 $127K
Exercise Class A Common Stock F5 1,475 -- --
Exercise Price or Tax Liability Class A Common Stock 646 $23.44 $15K
Holdings After Transaction: Restricted Stock Units — 283,366 contracts (Direct); Class A Common Stock — 577,445 shares (Direct)
Footnotes (10)
  1. F1. 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 11,029 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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. F2. 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 4,825 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,111 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. F3. 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 4,997 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,187 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. F4. 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 12,395 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,423 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. F5. 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 1,475 shares of Class A Common Stock underlying the RSUs listed in Table II, and 646 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.
  6. F6. On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs.
  7. F7. On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024.
  8. F8. On February 10, 2025, the Reporting Person was granted 79,961 RSUs vesting quarterly over four (4) years from March 1, 2025.
  9. F9. On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026.
  10. F10. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
RSUs vested into Class A Common Stock 34,721 shares Total underlying RSUs converting into shares on September 1, 2026
Shares withheld for tax withholding obligations 15,193 shares Total Class A Common Stock withheld by DraftKings on September 1, 2026
Tax withholding share value $23.44 per share Price applied to Class A Common Stock withheld under code F transactions
RSU grant on February 13, 2023 190,588 RSUs Grant to Stanton vesting quarterly over four years from March 1, 2023
RSU grant on February 12, 2024 77,196 RSUs Grant to Stanton vesting quarterly over four years from March 1, 2024
RSU grant on February 17, 2026 (quarterly vesting) 198,317 RSUs Grant to Stanton vesting quarterly over four years from March 1, 2026
Restricted Stock Units financial
"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld by the Issuer to satisfy withholding taxes financial
"shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 shares of Class A Common Stock withheld by the Issuer"
contingent right to receive one share financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
vesting quarterly over four (4) years financial
"was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023"

FAQ

What insider equity activity did DraftKings (DKNG) report for Dodge R Stanton on September 1, 2026?
DraftKings reported RSU vesting for Chief Legal Officer Dodge R Stanton into 34,721 shares of Class A Common Stock, with a portion of the shares withheld by the company to cover tax withholding obligations.

Were any DraftKings (DKNG) shares sold on the open market in this Form 4?
No. The footnotes state that no shares were transferred or sold upon RSU vesting other than shares delivered to DraftKings to satisfy withholding taxes; there is no open-market purchase or sale reported.

How many DraftKings (DKNG) shares were withheld for taxes in the Stanton Form 4?
A total of 15,193 shares of DraftKings Class A Common Stock were withheld by the issuer to satisfy tax withholding obligations associated with the RSU vesting transactions.

At what price were DraftKings (DKNG) shares valued for tax withholding in this Form 4?
Shares withheld to satisfy Stanton’s tax withholding obligations were valued at $23.44 per share, according to the non-derivative transactions reported with code F in the filing.

Were Dodge R Stanton’s DraftKings (DKNG) transactions under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not state that these transactions were pursuant to a Rule 10b5-1 or similar trading plan.

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SEC Form 4
FORM 4UNITED 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*
Dodge R Stanton
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026M11,029A(1)568,946D
Class A Common Stock09/01/2026F4,826D$23.44564,120D
Class A Common Stock09/01/2026M4,825A(2)568,945D
Class A Common Stock09/01/2026F2,111D$23.44566,834D
Class A Common Stock09/01/2026M4,997A(3)571,831D
Class A Common Stock09/01/2026F2,187D$23.44569,644D
Class A Common Stock09/01/2026M12,395A(4)582,039D
Class A Common Stock09/01/2026F5,423D$23.44576,616D
Class A Common Stock09/01/2026M1,475A(5)578,091D
Class A Common Stock09/01/2026F646D$23.44577,445D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/01/2026M11,029 (6) (6)Class A Common Stock11,029$022,059D
Restricted Stock Units(2)09/01/2026M4,825 (7) (7)Class A Common Stock4,825$028,949D
Restricted Stock Units(3)09/01/2026M4,997 (8) (8)Class A Common Stock4,997$049,976D
Restricted Stock Units(4)09/01/2026M12,395 (9) (9)Class A Common Stock12,395$0173,528D
Restricted Stock Units(5)09/01/2026M1,475 (10) (10)Class A Common Stock1,475$08,854D
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 11,029 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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 4,825 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,111 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 4,997 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,187 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 12,395 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,423 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. 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 1,475 shares of Class A Common Stock underlying the RSUs listed in Table II, and 646 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.
6. On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs.
7. On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024.
8. On February 10, 2025, the Reporting Person was granted 79,961 RSUs vesting quarterly over four (4) years from March 1, 2025.
9. On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026.
10. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
Remarks:
/s/ Faisal Hasan, attorney-in-fact09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR