DraftKings Form 4: CFO RSU Vesting and Tax-Withholding at $47.98
Rhea-AI Filing Summary
DraftKings insider activity: Chief Financial Officer Alan Wayne Ellingson had multiple restricted stock unit (RSU) vestings effective 09/01/2025 that increased his Class A common stock holdings. Net shares delivered from four separate RSU vestings totaled 9,788 shares added to his direct holdings while the issuer withheld 4,734 shares to satisfy taxes. A portion of withheld shares were reported as dispositions at a price of $47.98 per share. After these transactions, the Reporting Person beneficially owned 135,748 Class A shares at latest report.
Positive
- RSU vesting increased executive alignment with 9,788 net shares delivered to the CFO, strengthening insider ownership
- Transparent disclosure of grant origins and tax-withholding in the Form 4, tying each tranche to original grant dates
Negative
- Withholding resulted in dispositions of 4,734 shares reported as sold/withheld at $47.98 per share, slightly reducing net share gain
Insights
TL;DR: Routine executive compensation vesting increased CFO ownership while tax withholding generated small reported dispositions at $47.98 per share.
The Form 4 documents scheduled vesting of previously granted RSUs and the net delivery of shares to the CFO, consistent with multi-year retention grants. The transactions include withheld shares of 4,734 to cover taxes, reported as dispositions at $47.98 each, and no open-market sales beyond withholding are shown. This is a standard compensation mechanics event and does not by itself indicate a change in corporate strategy or material liquidity event.
TL;DR: Multiple RSU vestings reflect ongoing executive retention; withholding to cover taxes is routine and disclosed properly in Form 4.
The filing ties each RSU tranche to original grant dates and vesting schedules, showing compliance with disclosure obligations. Beneficial ownership rose modestly after vesting. The reporting was signed by an attorney-in-fact and includes clear explanations of withholding. No unusual diversion of shares or atypical related-party transactions are evident from the disclosure provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,606 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,140 | $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 | 777 | $47.98 | $37K |
| Exercise | Class A Common Stock | 2,140 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,035 | $47.98 | $50K |
| Exercise | Class A Common Stock | 742 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 359 | $47.98 | $17K |
| Exercise | Class A Common Stock | 5,300 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,563 | $47.98 | $123K |
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 777 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 2,140 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,035 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 359 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 2,563 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.
