DraftKings CEO moves 1.5M options to trust

Available on EDGAR 09/15/2026 - 06:51 PM EDT Accepted by SEC EDGAR 09/15/2026 - 06:50 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

DraftKings Inc. (DKNG) reported that Chief Executive Officer and Chairman Jason Robins re-titled certain vested stock options on Class A Common Stock, transferring 696,850 options with a $4.70 exercise price and 800,000 options with a $3.29 exercise price to the Robins 2026 Grantor Retained Annuity Trust, with no purchase or sale of shares or options in connection with these transfers. Robins also remains the sole holder of 393,013,951 shares of Class B Common Stock, which are not registered securities, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Robins Jason

Role See Remarks

Type	Security	Shares	Price	Value
Holding	Stock Option F1, F2	--	--	--
Holding	Stock Option F1, F2	--	--	--
Holding	Stock Option F3, F4	--	--	--
Holding	Stock Option F3, F4	--	--	--

Holdings: Stock Option — 1,496,850 contracts (Indirect, Held by Robins 2026 Grantor Retained Annuity Trust); Stock Option — 5,712,289 contracts (Direct)

Footnotes (4)

1. F1. These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested.
2. F2. Reflects the transfer of 696,850 stock options previously reported as directly held by the Reporting Person to the Robins 2026 Grantor Retained Annuity Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
3. F3. These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.
4. F4. Reflects the transfer of 800,000 stock options previously reported as directly held by the Reporting Person to the Robins 2026 Grantor Retained Annuity Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.

Key Figures

Options transferred at $4.70 exercise price: 696,850 options Options transferred at $3.29 exercise price: 800,000 options Exercise price of 2019 grant options: $4.70 per share +5 more

8 metrics

Options transferred at $4.70 exercise price 696,850 options Vested stock options on Class A Common Stock moved to Robins 2026 Grantor Retained Annuity Trust

Options transferred at $3.29 exercise price 800,000 options Vested stock options on Class A Common Stock moved to Robins 2026 Grantor Retained Annuity Trust

Exercise price of 2019 grant options $4.70 per share Stock options granted June 4, 2019, fully vested as of the reporting date

Exercise price of 2018 grant options $3.29 per share Stock options granted May 3, 2018, fully vested as of the reporting date

Options remaining at $3.29 exercise price (direct) 5,712,289 options Directly held stock options on Class A Common Stock at $3.29 exercise price

Indirect options at $4.70 exercise price 696,850 options Indirectly held through Robins 2026 Grantor Retained Annuity Trust after transfer

Class B Common Stock held 393,013,951 shares Class B Common Stock held solely by Jason Robins, not registered securities

Option expiration dates June 4, 2029 and May 3, 2028 Expiration of $4.70 and $3.29 exercise price stock options respectively

Key Terms

Grantor Retained Annuity Trust, Class B Common Stock, stock options, vested

4 terms

Grantor Retained Annuity Trust financial

"Held by Robins 2026 Grantor Retained Annuity Trust"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

Class B Common Stock financial

"sole holder of 393,013,951 shares of Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

stock options financial

"Reflects the transfer of 800,000 stock options previously reported"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

vested financial

"As of the date hereof, all such remaining stock options have vested"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DraftKings (DKNG) CEO Jason Robins report in this Form 4?

He reported transfers of 696,850 vested stock options at $4.70 and 800,000 vested stock options at $3.29 exercise price to the Robins 2026 Grantor Retained Annuity Trust, with no purchase or sale of Class A shares or options in these transfers.

Were any DraftKings (DKNG) shares bought or sold in this Form 4?

No. Footnotes state there was no purchase or sale of Class A Common Stock or stock options in connection with transferring the 696,850 and 800,000 stock options to the Robins 2026 Grantor Retained Annuity Trust.

What stock options did Jason Robins move into the 2026 GRAT related to DKNG?

He transferred 696,850 stock options granted June 4, 2019 with an exercise price of $4.70, and 800,000 stock options granted May 3, 2018 with an exercise price of $3.29, all of which were fully vested as of the reporting date.

Does Jason Robins hold any DraftKings Class B shares according to this filing?

Yes. He is disclosed as the sole holder of 393,013,951 shares of DraftKings Class B Common Stock, and these Class B shares are described as not registered securities.

Were the DraftKings (DKNG) option transfers under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to such a plan, so no Rule 10b5-1 trading plan is reported in connection with these option transfers.

What are the expiration dates of the DraftKings options mentioned in this Form 4?

The $4.70 exercise price stock options expire on June 4, 2029. The $3.29 exercise price stock options expire on May 3, 2028, according to the derivative holdings data in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Robins Jason

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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
Stock Option	$4.7							(1)	06/04/2029	Class A Common Stock	696,850		696,850(2)	I	Held by Robins 2026 Grantor Retained Annuity Trust
Stock Option	$4.7							(1)	06/04/2029	Class A Common Stock	0		0(2)	D
Stock Option	$3.29							(3)	05/03/2028	Class A Common Stock	800,000		800,000(4)	I	Held by Robins 2026 Grantor Retained Annuity Trust
Stock Option	$3.29							(3)	05/03/2028	Class A Common Stock	5,712,289		5,712,289(4)	D

Explanation of Responses:

1. These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested.

2. Reflects the transfer of 696,850 stock options previously reported as directly held by the Reporting Person to the Robins 2026 Grantor Retained Annuity Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.

3. These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.

4. Reflects the transfer of 800,000 stock options previously reported as directly held by the Reporting Person to the Robins 2026 Grantor Retained Annuity Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.

	/s/ Faisal Hasan, attorney-in-fact	09/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)