STOCK TITAN
  1. Home
  2. Sec-filings
  3. DKNG
  4. [Form 4] DraftKings Inc. Insider Trading Activity

DraftKings CLO exercises RSUs; shares withheld for tax

Dodge R Stanton, Chief Legal Officer of DraftKings Inc., had 808 Restricted Stock Units convert into Class A Common Stock on February 1, 2026 at a $0.00 exercise price.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Dodge R Stanton, Chief Legal Officer of DraftKings Inc., had 808 Restricted Stock Units convert into Class A Common Stock on February 1, 2026 at a $0.00 exercise price. Company footnotes state that 354 of these shares were transferred to the issuer to satisfy withholding taxes at $27.51 per share, with no other sales. After these transactions, Stanton directly holds 500,454 shares of Class A Common Stock. Footnotes also describe a prior grant of 9,692 RSUs awarded on February 10, 2025, vesting monthly over one year from March 1, 2025.

Positive

  • None.

Negative

  • None.
Insider Dodge R Stanton
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 808 $0.00 $0.00
Exercise Class A Common Stock 808 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 354 $27.51 $10K
Holdings After Transaction: Restricted Stock Units — 806 contracts (Direct); Class A Common Stock — 500,454 shares (Direct)
Footnotes (2)
  1. 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 808 shares of Class A Common Stock underlying the RSUs listed in Table II, and 354 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. F2. On February 10, 2025, the Reporting Person was granted 9,692 RSUs vesting monthly over one (1) year from March 1, 2025.
RSUs converted 808 shares Restricted Stock Units converting into Class A Common Stock on February 1, 2026
Tax-withheld shares 354 shares Shares transferred to the issuer to satisfy withholding taxes related to RSU conversion
Tax-withholding price $27.51 per share Per-share value used for the 354 shares withheld for taxes
Post-transaction direct holdings 500,454 shares Direct Class A Common Stock held by Dodge R Stanton after the reported transactions
RSU grant 9,692 RSUs Grant awarded on February 10, 2025, vesting monthly over one year from March 1, 2025
Restricted Stock Units financial
"Dodge R Stanton had 808 Restricted Stock Units convert into 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 was classified as a tax-withholding disposition of 354 shares"
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 Class A Common Stock"
vesting monthly financial
"9,692 RSUs vesting monthly over one (1) year from March 1, 2025"

FAQ

How many DraftKings (DKNG) shares did Dodge R Stanton have withheld for taxes?
The filing shows that 354 shares of DraftKings Class A Common Stock were transferred to the issuer to satisfy withholding taxes. These shares were valued at $27.51 per share, according to the reported transaction price for the tax-withholding disposition.

What is Dodge R Stanton’s DraftKings (DKNG) shareholding after these transactions?
After these transactions, Dodge R Stanton directly holds 500,454 shares of DraftKings Class A Common Stock. This post-transaction balance reflects his direct ownership position as reported in the holdings summary associated with the Form 4.

What were the terms of the RSU grant disclosed for DraftKings (DKNG) CLO Dodge R Stanton?
A footnote states that Dodge R Stanton was granted 9,692 RSUs on February 10, 2025. These Restricted Stock Units vest monthly over one year starting from March 1, 2025, with each RSU representing one share of Class A Common Stock.

Were any DraftKings (DKNG) shares sold on the open market in this Form 4?
Footnotes state that no shares of DraftKings Class A Common Stock were transferred or sold upon RSU vesting, other than 354 shares delivered to the issuer to satisfy withholding taxes. There is no indication of open-market sales in this report.

At what price were DraftKings (DKNG) shares used to satisfy tax withholding?
The tax-withholding disposition involved 354 shares valued at $27.51 per share. This price is reported as the per-share transaction price for the Class A Common Stock used to cover the reporting person’s tax obligation related to the RSU conversion.

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

Form 4 Insider Transactions: What Each Field Means →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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*
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)
02/01/2026
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 02/01/2026 M 808 A (1) 500,808 D
Class A Common Stock 02/01/2026 F 354 D $27.51 500,454 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) 02/01/2026 M 808 (2) (2) Class A Common Stock 808 $0 806 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 808 shares of Class A Common Stock underlying the RSUs listed in Table II, and 354 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. On February 10, 2025, the Reporting Person was granted 9,692 RSUs vesting monthly over one (1) year from March 1, 2025.
Remarks:
/s/ Faisal Hasan, attorney-in-fact 02/03/2026
** 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.

Source: View Original Filing on SEC EDGAR

Keep reading

More on DKNG

Trending in the feed

Open the live feed