DraftKings Inc. (DKNG) reports 126,566 RSUs vested, 61,197 shares withheld
Rhea-AI Filing Summary
DraftKings Inc. executive and director Jason Robins reported the vesting and settlement of 126,566 Restricted Stock Units into an equal number of Class A Common Stock shares on June 1, 2026. For each RSU tranche, shares were delivered to the company solely to cover withholding taxes, with 61,197 shares withheld at $26.3300 per share and no open‑market sales.
After these equity events, Robins directly holds 1,261,235 Restricted Stock Units and 3,674,108 shares of Class A Common Stock, and indirectly holds 90 additional shares through the Jason Robins Revocable Trust.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with shares withheld for taxes, not market selling.
The transactions show Jason Robins receiving Class A Common Stock as his RSU awards vest. Codes "M" indicate derivative exercises/conversions of RSUs into 126,566 shares, a standard mechanism for settling stock-based compensation.
Codes "F" covering 61,197 shares at $26.33 per share reflect tax-withholding dispositions back to DraftKings Inc., not open-market sales. Footnotes explicitly state no shares were transferred or sold other than to the issuer for withholding taxes.
Following these actions, Robins holds 3,646,239 shares directly and 90 shares indirectly via a revocable trust. The filing also lists large multi-year RSU grants vesting quarterly, underscoring that these entries represent ongoing compensation rather than discretionary trading.
Insider Trade Summary
Net Buyer: 65,369 shares
Net Buy
13 txns
Insider
Robins Jason
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 16,404 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,008 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 58,654 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 37,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 18,132 | $26.33 | $477K |
| Exercise | Class A Common Stock | 16,404 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 7,932 | $26.33 | $209K |
| Exercise | Class A Common Stock | 14,008 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 6,773 | $26.33 | $178K |
| Exercise | Class A Common Stock | 58,654 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 28,360 | $26.33 | $747K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,261,235 shares (Direct);
Class A Common Stock — 3,674,108 shares (Direct);
Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)
Footnotes (8)
- F1. 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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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.
- F2. 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 16,404 shares of Class A Common Stock underlying the RSUs listed in Table II, and 7,932 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.
- F3. 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 14,008 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,773 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.
- F4. 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 58,654 shares of Class A Common Stock underlying the RSUs listed in Table II, and 28,360 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.
- F5. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.
- F6. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024.
- F7. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.
- F8. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.
Key Figures
RSUs exercised into shares: 126566 shares
Shares withheld for taxes: 61197 shares
Post-transaction RSU holdings: 1,261,235
+3 more
6 metrics
RSUs exercised into shares
126566 shares
Total Restricted Stock Units converted to Class A Common Stock on June 1, 2026
Shares withheld for taxes
61197 shares
Class A Common Stock delivered to the issuer to satisfy withholding tax obligations
Post-transaction RSU holdings
1,261,235
Direct Restricted Stock Unit holdings reported after the June 1, 2026 transactions
Post-transaction Class A holdings
3,674,108
Direct Class A Common Stock holdings reported after the June 1, 2026 transactions
Tax withholding price
$26.3300 per share
Per-share price used in non-derivative tax-withholding entries for Class A Common Stock
Indirect trust holdings
90 shares
Class A Common Stock held by Jason Robins Revocable Trust u/d/t January 8, 2014
Key Terms
Restricted Stock Units, tax-withholding disposition, contingent right, Revocable Trust
4 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
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.
tax-withholding disposition financial
"transaction_action is described as tax-withholding disposition in the non-derivative entries"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
contingent right financial
"Each RSU represents a contingent right to receive one share of the issuer's Class A stock"
Revocable Trust financial
"Held by Jason Robins Revocable Trust u/d/t January 8, 2014 in the holdings section"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What RSU vesting did DraftKings (DKNG) insider Jason Robins report in this Form 4?
Jason Robins reported vesting and settlement of 126,566 Restricted Stock Units into the same number of Class A shares on June 1, 2026. These RSUs come from grants made in 2023, 2024, 2025 and 2026 that vest quarterly over four years from March 1 of each grant year.
What RSU grants to Jason Robins are referenced in this DraftKings (DKNG) Form 4?
The filing references grants of 600,000 RSUs on February 13, 2023, 262,467 RSUs on February 12, 2024, 224,133 RSUs on February 10, 2025, and 938,468 RSUs on February 17, 2026. Each grant vests quarterly over four years starting March 1 of the respective year.
Were Jason Robins' DraftKings (DKNG) transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5‑1 checkbox in the Form 4 is not affirmed, and the footnotes do not mention any 10b5‑1 trading arrangement. This indicates the reported RSU vesting and related tax-withholding transactions were not designated as occurring under a Rule 10b5‑1 plan.