DKNG Form 4: 403 vested RSUs plus 5,562 annual RSU grant for director

Rhea-AI Filing Summary

DraftKings director Ryan R. Moore received equity awards on 08/05/2025. He was issued 403 restricted stock units (RSUs) that were granted in lieu of a quarterly cash retainer and became fully vested the same day; those vested RSUs did not result in any share transfers or sales. In addition, he received an annual equity grant of 5,562 RSUs on the same date that will vest in full on the earlier of the issuer's 2026 annual meeting or the first anniversary of the grant.

Each RSU represents a contingent right to one share of Class A common stock and the grants are reported at a $0.00 issuance price. Following the reported transactions, Mr. Moore beneficially owns 76,792 shares of Class A common stock directly.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation reported; timing shows both immediate vesting for retainer RSUs and a time‑based annual grant.

The filing documents two distinct RSU actions for director Ryan R. Moore on 08/05/2025: a 403 RSU grant issued in lieu of a quarterly cash retainer that vested immediately, and a separate 5,562 RSU annual grant subject to vesting at the earlier of the 2026 annual meeting or one year. The immediate vesting of retainer RSUs with no sale or transfer recorded reduces ambiguity about cash vs. equity settlement. These are standard governance practices to align directors with shareholder interests; there is no disclosure here of director purchases or sales beyond the RSU conversions.

Securities/Filing Analyst

TL;DR: Filing is a routine Form 4 reporting compensation-related RSU grants and the director's post-transaction beneficial ownership.

The Form 4 shows RSUs recorded as derivative securities with an effective conversion of one RSU per share and an issuance price of $0.00. The report specifies that no shares were transferred or sold upon vesting of the RSUs and indicates 76,792 directly beneficial Class A shares after the transactions. Transaction codes and zero-dollar pricing are consistent with compensatory RSU awards rather than market purchases or disposals; as such, the filing has limited immediate market impact but is material for transparency on insider holdings.

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

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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^*

Moore Ryan R

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON MA 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/05/2025		M		403	A	(1)	76,792	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)	08/05/2025		A		403(3)		(4)	(4)	Class A Common Stock	403	$0.00	403	D
Restricted Stock Units	(1)(2)	08/05/2025		M			403(3)	(4)	(4)	Class A Common Stock	403	$0.00	0	D
Restricted Stock Units	(2)	08/05/2025		A		5,562(5)		(6)	(6)	Class A Common Stock	5,562	$0.00	5,562	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").

2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

3. Represents RSU grant that is being issued in lieu of a quarterly cash retainer.

4. The RSUs were granted and became fully vested on August 5, 2025.

5. Represents annual equity grant.

6. The RSUs were granted on August 5, 2025 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2026 and the first anniversary of the grant date.

	/s/ Ryan R. Moore	08/07/2025
	** 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.
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FAQ

What RSU awards did DraftKings director Ryan R. Moore receive (DKNG)?

On 08/05/2025 Mr. Moore received 403 RSUs issued in lieu of a quarterly cash retainer (which vested the same day) and a separate 5,562 RSU annual grant.

Did any shares get sold when the RSUs vested for DKNG director Ryan R. Moore?

No. The filing states that no shares were transferred or sold upon the vesting of the restricted stock units.

How many Class A shares does Ryan R. Moore beneficially own after the reported transactions?

Following the reported transactions Mr. Moore beneficially owns 76,792 shares of Class A common stock directly.

What are the vesting terms for the 5,562 RSU annual grant in the DKNG Form 4?

The 5,562 RSUs were granted on 08/05/2025 and shall vest in full on the earlier of the issuer's annual meeting in 2026 and the first anniversary of the grant.

What is the issuance price reported for the RSU awards in the filing?

The RSU awards are reported with an effective issuance/conversion price of $0.00, consistent with standard restricted stock unit practice.