DraftKings (DKNG) executive Jason Robins settles RSUs with share tax withholding

Rhea-AI Filing Summary

DraftKings Inc. executive Jason Robins reported a series of compensation-related equity transactions involving restricted stock units (RSUs) and associated tax withholding. On June 1, 2026, multiple RSU awards vested and were settled into Class A Common Stock, with no open-market sales reported.

Robins acquired a total of 126,566 shares of Class A Common Stock through derivative exercises/conversions of RSUs and had 61,197 shares withheld by the issuer at $26.33 per share to cover tax obligations. After these transactions, he directly held 3,646,239 shares of Class A Common Stock and indirectly held 90 shares through a revocable trust.

The footnotes explain that, upon each RSU vesting, shares were delivered to Robins net of those withheld for taxes, and that each RSU represents a contingent right to receive one share of Class A Common Stock. Prior RSU grants included 600,000, 262,467, 224,133 and 938,468 units vesting quarterly over four years from various start dates.

Insights

Equity compensation analyst

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

126,566 shares exercised/converted

Mixed 13 txns

Insider Robins Jason

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	37,500	$0.00	--
Exercise	Restricted Stock Units	16,404	$0.00	--
Exercise	Restricted Stock Units	14,008	$0.00	--
Exercise	Restricted Stock Units	58,654	$0.00	--
Exercise	Class A Common Stock	37,500	$0.00	--
Tax Withholding	Class A Common Stock	18,132	$26.33	$477K
Exercise	Class A Common Stock	16,404	$0.00	--
Tax Withholding	Class A Common Stock	7,932	$26.33	$209K
Exercise	Class A Common Stock	14,008	$0.00	--
Tax Withholding	Class A Common Stock	6,773	$26.33	$178K
Exercise	Class A Common Stock	58,654	$0.00	--
Tax Withholding	Class A Common Stock	28,360	$26.33	$747K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 112,500 shares (Direct, null); Class A Common Stock — 3,646,239 shares (Direct, null); Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)

Footnotes (1)

1. 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. 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. 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. 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. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.

Key Figures

Shares from RSU exercises: 126,566 shares Tax-withholding shares: 61,197 shares Withholding price: $26.33 per share +5 more

8 metrics

Shares from RSU exercises 126,566 shares Total Class A Common Stock acquired via derivative exercises on June 1, 2026

Tax-withholding shares 61,197 shares Shares withheld by DraftKings to cover taxes on June 1, 2026

Withholding price $26.33 per share Price used for tax-withholding dispositions coded F

Direct holdings after transactions 3,646,239 shares Class A Common Stock directly owned by Jason Robins after June 1, 2026

Indirect trust holdings 90 shares Class A Common Stock held via Jason Robins Revocable Trust

Remaining RSUs 112,500 units Restricted Stock Units outstanding after reported derivative transactions

2023 RSU grant 600,000 units Grant to Jason Robins on February 13, 2023, vesting quarterly over four years

2026 RSU grant 938,468 units Grant to Jason Robins on February 17, 2026, vesting quarterly over four years

Key Terms

Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Class A Common Stock, +1 more

5 terms

Restricted Stock Units financial

"The Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years"

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

"Payment of exercise price or tax liability by delivering securities"

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.

derivative exercise/conversion financial

"Exercise or conversion of derivative security"

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.

Revocable Trust financial

"Held by Jason Robins Revocable Trust u/d/t January 8, 2014"

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.

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Form 4 Insider Transactions: What Each Field Means →

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)
06/01/2026

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	06/01/2026		M		37,500	A	(1)	3,646,239	D
Class A Common Stock	06/01/2026		F		18,132	D	$26.33	3,628,107	D
Class A Common Stock	06/01/2026		M		16,404	A	(2)	3,644,511	D
Class A Common Stock	06/01/2026		F		7,932	D	$26.33	3,636,579	D
Class A Common Stock	06/01/2026		M		14,008	A	(3)	3,650,587	D
Class A Common Stock	06/01/2026		F		6,773	D	$26.33	3,643,814	D
Class A Common Stock	06/01/2026		M		58,654	A	(4)	3,702,468	D
Class A Common Stock	06/01/2026		F		28,360	D	$26.33	3,674,108	D
Class A Common Stock								90	I	Held by Jason Robins Revocable Trust u/d/t January 8, 2014

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)	06/01/2026		M			37,500	(5)	(5)	Class A Common Stock	37,500	$0	112,500	D
Restricted Stock Units	(2)	06/01/2026		M			16,404	(6)	(6)	Class A Common Stock	16,404	$0	114,829	D
Restricted Stock Units	(3)	06/01/2026		M			14,008	(7)	(7)	Class A Common Stock	14,008	$0	154,092	D
Restricted Stock Units	(4)	06/01/2026		M			58,654	(8)	(8)	Class A Common Stock	58,654	$0	879,814	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") 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.

2. 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.

3. 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.

4. 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.

5. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.

6. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024.

7. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.

8. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.

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	06/02/2026
	** 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)

FAQ

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

Jason Robins reported RSU vesting that converted into Class A Common Stock and related tax-withholding dispositions. He acquired 126,566 shares through derivative exercises and had 61,197 shares withheld by DraftKings to cover tax obligations, with no open-market sales disclosed in this filing.

Were any DraftKings (DKNG) shares sold on the market in this Form 4?

The filing indicates no open-market sales. Shares coded "F"—totaling 61,197 at $26.33 each—were withheld by DraftKings solely to satisfy tax liabilities upon RSU vesting, as footnotes state no shares were transferred or sold other than to the issuer for taxes.

How many DraftKings (DKNG) shares does Jason Robins hold after these transactions?

After the reported transactions, Jason Robins directly holds 3,646,239 shares of DraftKings Class A Common Stock. He also indirectly holds 90 additional shares through the Jason Robins Revocable Trust dated January 8, 2014, as disclosed by the indirect ownership entry in the filing.

What RSU awards for DraftKings (DKNG) are referenced for Jason Robins?

Footnotes describe RSU grants of 600,000 units on February 13, 2023, 262,467 on February 12, 2024, 224,133 on February 10, 2025, and 938,468 on February 17, 2026, each vesting quarterly over four years starting March 1 of the respective year.

What do the M and F transaction codes mean in this DraftKings (DKNG) Form 4?

Code "M" reflects derivative exercise or conversion, here the settlement of RSUs into Class A Common Stock. Code "F" represents payment of tax liabilities by delivering securities back to DraftKings, which led to 61,197 shares being withheld at $26.33 per share for taxes.

How many RSUs remain for Jason Robins after the reported DraftKings (DKNG) transactions?

Derivative table totals show 112,500 Restricted Stock Units remaining after these vesting events. Each RSU is described as a contingent right to receive one share of DraftKings Class A Common Stock upon future vesting, according to the footnote explanations.