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Large RSU grant and tax withholding reported by DraftKings (NASDAQ: DKNG) insider

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

Rhea-AI Filing Summary

DraftKings Inc. insider Jason Robins reported equity compensation and related tax withholding transactions. He was granted 938,468 Restricted Stock Units, each representing a right to receive one share of Class A Common Stock, vesting quarterly over four years from March 1, 2026.

On Class A Common Stock, he reported an acquisition of 87,489 shares tied to RSU vesting under the 2020 Incentive Award Plan and a disposition of 42,301 shares used to satisfy withholding taxes at $21.76 per share. Following these transactions, he directly held 3,573,663 Class A shares and also reported 90 shares held indirectly through the Jason Robins Revocable Trust dated January 8, 2014.

Positive

  • None.

Negative

  • None.
Insider Robins Jason
Role See Remarks
Type Security Shares Price Value
Grant/Award Restricted Stock Units 938,468 $0.00 --
Grant/Award Class A Common Stock 87,489 $0.00 --
Tax Withholding Class A Common Stock 42,301 $21.76 $920K
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 938,468 shares (Direct); Class A Common Stock — 3,615,964 shares (Direct); Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. 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 87,489 shares of Class A Common Stock underlying the RSUs listed in Table I, and 42,301 shares of Class A Common Stock withheld by the Issuer. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.
Form 4 Insider Transactions: What Each Field Means →
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*
Robins Jason
(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
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
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 02/13/2026 A 87,489 A (1)(2) 3,615,964 D
Class A Common Stock 02/13/2026 F 42,301 D $21.76 3,573,663 D
Class A Common Stock 90 I Held by Jason Robins Revocable Trust u/d/t January 8, 2014
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) 02/17/2026 A 938,468 (3) (3) Class A Common Stock 938,468 $0 938,468 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
2. Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. 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 87,489 shares of Class A Common Stock underlying the RSUs listed in Table I, and 42,301 shares of Class A Common Stock withheld by the Issuer.
3. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.
Remarks:
Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.
/s/ Faisal Hasan, attorney-in-fact 02/18/2026
** 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

FAQ

What equity awards did Jason Robins report in DraftKings (DKNG) latest Form 4?

Jason Robins reported a grant of 938,468 Restricted Stock Units (RSUs), each convertible into one share of DraftKings Class A Common Stock. These RSUs vest quarterly over four years starting March 1, 2026, representing a significant component of his long-term equity compensation.

How many DraftKings (DKNG) Class A shares vested for Jason Robins in this filing?

The filing shows 87,489 Class A shares acquired upon vesting of RSUs under DraftKings’ 2020 Incentive Award Plan. These shares became deliverable after achieving specified performance goals tied to that plan, reflecting previously granted performance-based equity now settling into common stock.

Why did Jason Robins dispose of DraftKings (DKNG) shares in this Form 4?

He reported a disposition of 42,301 Class A shares coded “F,” indicating shares were withheld to cover tax liabilities or exercise-related obligations. The shares were valued at $21.76 each, and this withholding was connected to the vesting of performance-based RSUs.

What are Jason Robins’ DraftKings (DKNG) direct share holdings after these transactions?

After the reported transactions, Jason Robins directly held 3,573,663 shares of DraftKings Class A Common Stock. This figure reflects the RSU-related share delivery and the tax-withholding share disposition reported in the Form 4, as of the transaction dates disclosed.

How are the new DraftKings (DKNG) RSUs for Jason Robins scheduled to vest?

The newly granted 938,468 RSUs for Jason Robins are scheduled to vest quarterly over four years starting on March 1, 2026. Each vesting installment will convert eligible units into Class A shares, subject to the award terms and continued service requirements.

Does Jason Robins hold any DraftKings (DKNG) shares indirectly through a trust?

Yes. The Form 4 reports 90 shares of DraftKings Class A Common Stock held indirectly. These shares are owned by the Jason Robins Revocable Trust u/d/t January 8, 2014, indicating a small portion of his beneficial interest is structured through this trust.