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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
34,721 shares exercised/converted
Exercise
15 txns
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)
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- F7. On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024.
- F8. On February 10, 2025, the Reporting Person was granted 79,961 RSUs vesting quarterly over four (4) years from March 1, 2025.
- F9. On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026.
- F10. On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
Key Figures
RSUs vested into Class A Common Stock: 34,721 shares
Shares withheld for tax withholding obligations: 15,193 shares
Tax withholding share value: $23.44 per share
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, withheld by the Issuer to satisfy withholding taxes, contingent right to receive one share, vesting quarterly over four (4) years
4 terms
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"
vesting quarterly over four (4) years financial
"was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
