DraftKings (DKNG) CAO executes 2,883-share sale and RSU vesting activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,883 shares ($70,800)
Net Sell
15 txns
Insider
Bradbury Erik
Role
Chief Accounting Officer
Sold
2,883 shs ($71K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,529 | $24.37 | $37K |
| Sale | Class A Common Stock | 1,354 | $24.77 | $34K |
| Exercise | Restricted Stock Units | 2,745 | $0.00 | -- |
| Exercise | Restricted Stock Units | 932 | $0.00 | -- |
| Exercise | Restricted Stock Units | 139 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,745 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,273 | $23.84 | $30K |
| Exercise | Class A Common Stock | 932 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 432 | $23.84 | $10K |
| Exercise | Class A Common Stock | 139 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 65 | $23.84 | $2K |
| Grant/Award | Restricted Stock Units | 4,229 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,229 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,229 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,960 | $23.84 | $47K |
Holdings After Transaction:
Class A Common Stock — 39,522 shares (Direct);
Restricted Stock Units — 27,452 shares (Direct)
Footnotes (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. 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. 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. 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. 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. 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. 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. The RSUs were granted and became fully vested on February 27, 2026. On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024. On February 11, 2025, the Reporting Person was granted 14,901 RSUs vesting quarterly over four (4) years from March 1, 2025. On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.
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.
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.