DKNG Form 4: Jocelyn Moore sells shares under 10b5-1 plan

Rhea-AI Filing Summary

Jocelyn Moore, a director of DraftKings Inc. (DKNG), reported a sale of 4,861 shares of Class A common stock on 08/13/2025 at a reported price of $43.21 per share under a pre-arranged Rule 10b5-1 selling program adopted May 14, 2025. After the transaction she is shown as beneficially owning 1,461 shares directly and 25,648 shares indirectly through The Mustard Seed Living Trust. The Form 4 was signed by an attorney-in-fact on 08/14/2025, and the filing discloses the sale was executed pursuant to the specified 10b5-1 plan.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating a pre-arranged selling program
• Timely and clear disclosure of sale date, price, and post-transaction direct and indirect holdings

Negative

• Direct holdings decreased by 4,861 shares following the reported sale

Insights

Financial Analyst

TL;DR: Routine director sale under a pre-arranged 10b5-1 plan; transaction is transparent and likely non-informational.

The sale of 4,861 shares at $43.21 is disclosed clearly and executed under a 10b5-1 plan adopted May 14, 2025, which typically signals a pre-planned, non-timely trading intent rather than action based on undisclosed company developments. The remaining direct and indirect holdings are explicitly stated, enabling clear calculation of post-sale ownership. From a market-impact perspective, the transaction size appears modest for a public company and is unlikely to be material to valuation.

Corporate Governance Expert

TL;DR: Governance practice followed: sale via documented 10b5-1 plan and prompt Form 4 filing.

The reporting indicates adherence to safe-harbor insider trading practices by using a written 10b5-1 plan and filing Form 4 the next day via attorney-in-fact, which supports governance transparency. The filing identifies both direct and indirect beneficial ownership and specifies the trust name for indirect holdings, meeting disclosure expectations. No other governance events or departures are reported.

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).

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^*

Moore Jocelyn

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		S(1)		4,861	D	$43.21	1,461	D
Class A Common Stock								25,648	I	The Mustard Seed Living Trust

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

Explanation of Responses:

1. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on May 14, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

	/s/ Faisal Hasan, attorney-in-fact	08/14/2025
	** 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 traded DraftKings (DKNG) stock on 08/13/2025?

Director Jocelyn Moore reported a sale of 4,861 Class A shares on 08/13/2025 at a price of $43.21 per share.

Was the DKNG sale by Jocelyn Moore part of a 10b5-1 plan?

Yes. The Form 4 states the sale was made pursuant to a pre-arranged Rule 10b5-1 selling program adopted on May 14, 2025.

How many DraftKings shares does Jocelyn Moore own after the transaction?

The filing shows she beneficially owns 1,461 shares directly and 25,648 shares indirectly through The Mustard Seed Living Trust after the sale.

When was the Form 4 for the DKNG transaction signed?

The Form 4 bears a signature by an attorney-in-fact dated 08/14/2025.

Does this Form 4 indicate any other transactions or derivative holdings?

No. The filing lists only the non-derivative sale of Class A common stock; no derivative securities are reported.