DraftKings’ Kalish settles RSUs, withholds shares for tax
DraftKings Inc. director and officer Matthew Kalish reported vesting and settlement of restricted stock units (RSUs) into Class A common stock, along with share withholdings to cover taxes.
Rhea-AI Filing Summary
DraftKings Inc. director and officer Matthew Kalish reported vesting and settlement of restricted stock units (RSUs) into Class A common stock, along with share withholdings to cover taxes. On March 1, 2026, RSU conversions delivered 22,059, 9,649, and 7,950 shares of Class A common stock. In connection with these vestings, the issuer withheld 10,666, 4,666, and 3,844 shares, respectively, at $23.84 per share to satisfy tax obligations, rather than through open‑market sales. After these transactions, Kalish directly owned 5,842,782 Class A shares, with additional indirect holdings of 196,309 and 2,938 shares held by family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,658 shares exercised/converted
Exercise
11 txns
Insider
Kalish Matthew
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,059 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,649 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 7,950 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 22,059 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 10,666 | $23.84 | $254K |
| Exercise | Class A Common Stock | 9,649 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,666 | $23.84 | $111K |
| Exercise | Class A Common Stock | 7,950 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,844 | $23.84 | $92K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 5,842,782 shares (Direct);
Class A Common Stock — 196,309 shares (Indirect, Held by Kalish Family 2020 Irrevocable Trusts);
Class A Common Stock — 2,938 shares (Indirect, Held by Matthew P. Kalish 2020 Trust)
Footnotes (6)
- 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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 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 7,950 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,844 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. On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.
- F5. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.
- F6. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.
FAQ
What did DraftKings (DKNG) insider Matthew Kalish report in this Form 4?
Matthew Kalish reported RSU vesting and settlement into DraftKings Class A common stock, plus share withholdings for taxes. Multiple RSU tranches converted on March 1, 2026, with a portion of the resulting shares delivered back to the issuer to cover withholding obligations.
How many DraftKings (DKNG) RSUs did Matthew Kalish have vest and convert?
Three RSU blocks vested and converted into Class A common stock: 22,059, 9,649, and 7,950 shares. Each RSU represents a contingent right to receive one share of Class A common stock, and these amounts were settled on March 1, 2026 as reported.
Does Matthew Kalish have indirect DraftKings (DKNG) holdings through trusts?
Yes. The filing lists 196,309 shares held by Kalish Family 2020 Irrevocable Trusts and 2,938 shares held by the Matthew P. Kalish 2020 Trust. These positions are reported as indirect ownership interests separate from his large direct Class A shareholding.
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