DraftKings director exercises 5,562 RSUs

DraftKings Inc. director Steven Joseph Murray exercised restricted stock units into common shares.

Rhea-AI Filing Summary

DraftKings Inc. director Steven Joseph Murray exercised restricted stock units into common shares. On May 12, 2026, 5,562 RSUs converted into 5,562 shares of Class A Common Stock at a stated price of $0.00 per share, with no shares sold upon vesting. Following the transaction, Murray directly owns 78,374 Class A shares.

Insights

Equity compensation analyst

Director increased direct ownership through RSU vesting with no share sales.

Director Steven Joseph Murray converted 5,562 restricted stock units into an equal number of DraftKings Class A shares. Footnotes specify that no shares were transferred or sold when the RSUs vested, indicating a non-market, compensation-related event rather than an open-market trade.

The filing shows Murray holding 78,374 Class A shares directly after the transaction. With no remaining RSUs reported in this filing, this appears to be a straightforward vest-and-settle event, typically viewed as part of normal director compensation rather than a directional signal about the stock.

Insider Trade Summary

5,562 shares exercised/converted

Exercise 2 txns

Insider MURRAY STEVEN JOSEPH

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,562	$0.00	$0.00
Exercise	Class A Common Stock	5,562	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 78,374 shares (Direct)

Footnotes (3)

1. F1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
2. F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
3. F3. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026.

Key Figures

RSUs converted: 5,562 units Shares acquired: 5,562 shares Post-transaction holdings: 78,374 shares +2 more

5 metrics

RSUs converted 5,562 units Restricted Stock Units converted into Class A Common Stock on May 12, 2026

Shares acquired 5,562 shares Class A Common Stock received from RSU vesting at $0.00 per share

Post-transaction holdings 78,374 shares Murray’s direct Class A Common Stock holdings after RSU conversion

Exercise price $0.00 per share Stated price for conversion of RSUs into Class A Common Stock

RSU grant date August 5, 2025 Grant date of RSUs that vested on May 12, 2026

Key Terms

Restricted Stock Units, Class A Common Stock, Form 4

3 terms

Restricted Stock Units financial

"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs")."

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.

Class A Common Stock financial

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

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transaction did DraftKings (DKNG) director Steven Joseph Murray report?

Steven Joseph Murray reported the vesting and conversion of 5,562 restricted stock units into 5,562 shares of DraftKings Class A Common Stock. This was an equity compensation event, not an open-market purchase or sale of shares.

Did the DraftKings (DKNG) director sell any shares in this Form 4 filing?

No, the filing states that no shares of Class A Common Stock were transferred or sold upon vesting of the restricted stock units. The transaction reflects only conversion of RSUs into shares, not an open-market sale.

How many DraftKings (DKNG) shares does Steven Joseph Murray hold after this transaction?

After the RSU conversion, Steven Joseph Murray directly owns 78,374 shares of DraftKings Class A Common Stock. This total reflects his position immediately following the vesting of 5,562 restricted stock units reported in the Form 4.

What are the key details of the RSUs reported by DraftKings (DKNG) director Murray?

Each restricted stock unit represents the right to receive one share of DraftKings Class A Common Stock. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026, when 5,562 units converted into shares at a stated price of $0.00.

Is the DraftKings (DKNG) Form 4 transaction a market signal or routine compensation?

The transaction appears to be routine compensation. It involves vesting and conversion of 5,562 restricted stock units into common shares at a $0.00 price, with footnotes confirming no shares were transferred or sold in the market as part of this event.

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

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Accepted by SEC EDGAR 05/14/2026 - 04:23 PM Learn about SEC filing dates

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^*

MURRAY STEVEN JOSEPH

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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
Class A Common Stock	05/12/2026		M		5,562	A	(1)	78,374	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)	05/12/2026		M			5,562	(3)	(3)	Class A Common Stock	5,562	$0	0	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. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	05/14/2026
	** 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)