DraftKings (DKNG) CLO exercises 40,066 options, sells 52,777 shares

Rhea-AI Filing Summary

DraftKings Inc. Chief Legal Officer Dodge R. Stanton reported exercising and selling company stock. On January 20, 2026, Stanton exercised 40,066 stock options for Class A Common Stock at an exercise price of $2.95 per share, paying the aggregate exercise price in cash. On the same day, he sold 30,433 shares of Class A Common Stock at a weighted average price of $31.77 and 22,344 shares at a weighted average price of $32.33, under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. After these transactions, Stanton beneficially owned 500,000 shares of Class A Common Stock directly and 1,335,743 stock options, with the option balance reflecting a correction from a previously misreported amount.

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
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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).

X

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		40,066(1)	A	$2.95	552,777	D
Class A Common Stock	01/20/2026		S(2)		30,433	D	$31.77(3)	522,344	D
Class A Common Stock	01/20/2026		S(2)		22,344	D	$32.33(4)	500,000	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
Stock Option	$2.95	01/20/2026		M			40,066	(5)	11/02/2027	Class A Common Stock	40,066	$0	1,335,743(5)	D

Explanation of Responses:

1. The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.

2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 13, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.24 to $32.23, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 4 to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.24 to $32.99, inclusive. See the last sentence of footnote 3 to this Form 4 above.

5. These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested. The Reporting Person's beneficial holdings in Column 9 reflect an adjustment to correct a previous filing made on December 2, 2025, which incorrectly reported 1,468,728 stock options.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	01/22/2026
	** 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.

FAQ

What insider activity did DraftKings (DKNG) report for Dodge R. Stanton?

On January 20, 2026, Chief Legal Officer Dodge R. Stanton exercised 40,066 stock options for Class A Common Stock and sold shares acquired in the exercise.

How many DraftKings (DKNG) options did the CLO exercise and at what price?

Stanton exercised 40,066 stock options for DraftKings Class A Common Stock at an exercise price of $2.95 per share, paying the aggregate exercise price in cash.

How many DraftKings (DKNG) shares did the CLO sell and at what prices?

He sold 30,433 shares at a weighted average price of $31.77 and 22,344 shares at a weighted average price of $32.33. Both sales were executed in multiple transactions within stated price ranges.

Was the DraftKings (DKNG) insider sale part of a trading plan?

Yes. The filing states that the reported sale was made under a pre-arranged Rule 10b5-1 trading program for selling shares of Class A Common Stock adopted on December 13, 2024.

What are Dodge R. Stanton's DraftKings (DKNG) holdings after these transactions?

Following the reported transactions, Stanton beneficially owned 500,000 shares of DraftKings Class A Common Stock directly and 1,335,743 stock options.

Did the DraftKings (DKNG) Form 4 correct any prior option disclosures?

Yes. A footnote explains that the 1,335,743 stock options balance corrects a previous filing from December 2, 2025 that had incorrectly reported 1,468,728 stock options.