DraftKings (DKNG) CAO executes 2,883-share sale and RSU vesting activity

Rhea-AI Filing Summary

DraftKings Inc. Chief Accounting Officer Erik Bradbury reported a series of equity-related transactions. On March 3, 2026, he sold a total of 2,883 shares of Class A common stock in open-market trades at weighted-average prices of $24.37 and $24.77 per share under a Rule 10b5-1 plan, leaving him with 38,168 shares directly owned. Around February 27 and March 1, 2026, multiple restricted stock unit awards vested and were converted into Class A shares, with portions (1,960, 1,273, 432, and 65 shares) withheld by DraftKings solely to cover tax obligations.

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

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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^*

Bradbury Erik

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		M		4,229	A	(1)	40,965	D
Class A Common Stock	02/27/2026		F		1,960	D	$23.84	39,005	D
Class A Common Stock	03/01/2026		M		2,745	A	(2)	41,750	D
Class A Common Stock	03/01/2026		F		1,273	D	$23.84	40,477	D
Class A Common Stock	03/01/2026		M		932	A	(3)	41,409	D
Class A Common Stock	03/01/2026		F		432	D	$23.84	40,977	D
Class A Common Stock	03/01/2026		M		139	A	(4)	41,116	D
Class A Common Stock	03/01/2026		F		65	D	$23.84	41,051	D
Class A Common Stock	03/03/2026		S(5)		1,529	D	$24.37(6)	39,522	D
Class A Common Stock	03/03/2026		S(5)		1,354	D	$24.77(7)	38,168	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)	02/27/2026		A		4,229		(8)	(8)	Class A Common Stock	4,229	$0	4,229	D
Restricted Stock Units	(1)	02/27/2026		M			4,229	(8)	(8)	Class A Common Stock	4,229	$0	0	D
Restricted Stock Units	(2)	03/01/2026		M			2,745	(9)	(9)	Class A Common Stock	2,745	$0	27,452	D
Restricted Stock Units	(3)	03/01/2026		M			932	(10)	(10)	Class A Common Stock	932	$0	11,176	D
Restricted Stock Units	(4)	03/01/2026		M			139	(11)	(11)	Class A Common Stock	139	$0	1,673	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 4,229 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,960 shares of Class A Common Stock withheld by the Issuer.

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 2,745 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,273 shares of Class A Common Stock withheld by the Issuer.

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 932 shares of Class A Common Stock underlying the RSUs listed in Table II, and 432 shares of Class A Common Stock withheld by the Issuer.

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 139 shares of Class A Common Stock underlying the RSUs listed in Table II, and 65 shares of Class A Common Stock withheld by the Issuer.

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

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.57 to $24.55, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 6 and 7 to this Form 4.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.57 to $24.88, inclusive. See the last sentence of footnote 6 to this Form 4 above.

8. The RSUs were granted and became fully vested on February 27, 2026.

9. On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024.

10. On February 11, 2025, the Reporting Person was granted 14,901 RSUs vesting quarterly over four (4) years from March 1, 2025.

11. On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	03/03/2026
	** 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).
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FAQ

What insider activity did DraftKings (DKNG) CAO Erik Bradbury report?

Erik Bradbury reported open-market sales and equity award vesting activity. He sold 2,883 DraftKings Class A shares on March 3, 2026, and had several restricted stock unit grants vest and convert into shares with some stock withheld to satisfy tax obligations.

How many DraftKings (DKNG) shares did the CAO sell and at what prices?

Bradbury sold 1,529 DraftKings Class A shares at a weighted-average price of $24.37 and 1,354 shares at $24.77 on March 3, 2026. These were open-market sales executed under a pre-arranged Rule 10b5-1 trading plan disclosed in the filing.

How many DraftKings (DKNG) shares does Erik Bradbury own after these transactions?

After the March 3, 2026 open-market sales, Erik Bradbury directly owns 38,168 shares of DraftKings Class A common stock. This figure reflects the reported sales as well as prior equity award vesting and related tax-withholding share dispositions described in the same Form 4.

Were the DraftKings (DKNG) insider sales under a 10b5-1 trading plan?

Yes. The filing states the reported sale was made under a pre-arranged Rule 10b5-1 trading program adopted November 10, 2025. Such plans allow insiders to schedule trades in advance, helping separate personal trading decisions from subsequent corporate developments.

What happened with Erik Bradbury’s restricted stock units in DraftKings (DKNG)?

Several restricted stock unit awards vested and converted into DraftKings Class A shares on February 27 and March 1, 2026. For example, one 4,229-unit grant vested fully on February 27, 2026, with part of the resulting shares delivered back to DraftKings to cover withholding taxes.

Were any DraftKings (DKNG) shares sold by Erik Bradbury for tax withholding?

Yes. The Form 4 notes no shares were sold upon RSU vesting other than to DraftKings to satisfy tax withholding. Transactions labeled with code “F” show 1,960, 1,273, 432, and 65 shares withheld by the issuer solely to cover associated tax liabilities.