DraftKings (DKNG) Form 4: CFO Disposes 44,693 Shares at ~$44.90

Rhea-AI Filing Summary

DraftKings Inc. reporting person Alan Wayne Ellingson, the company's Chief Financial Officer, sold 44,693 shares of Class A common stock on 08/19/2025 at a weighted average price of $44.90 per share. After the sale, the reporting person beneficially owned 128,131 shares. The Form 4 was signed by an attorney-in-fact on 08/21/2025. The filer indicates the reported sale occurred in multiple transactions at prices ranging from $44.86 to $44.92 and offers to provide a breakdown of shares sold at each price upon request.

Insights

Securities Analyst

TL;DR: Company CFO executed a routine sale of Class A shares totaling 44,693 shares at ~$44.90, leaving 128,131 shares beneficially owned.

The filing documents a disclosed sale by the Chief Financial Officer rather than an acquisition or option exercise. The sale is reported as multiple transactions on a single date with a weighted average price of $44.90 and a disclosed price range of $44.86 to $44.92. From a market-impact perspective, the Form 4 provides clear pricing and post-transaction ownership, enabling investors to update insider-holding figures precisely. The filing does not include any indication of Rule 10b5-1 plan usage or other trading program details.

Corporate Governance Expert

TL;DR: The Form 4 reflects a disclosed insider sale by the CFO with full pricing disclosure and a post-sale ownership figure.

The report complies with Section 16 reporting requirements by listing the reporting person, relationship to the issuer as Chief Financial Officer, transaction date, number of shares sold, weighted average price, and resulting beneficial ownership. The explanatory footnote clarifies the sale occurred in multiple trades and offers further disclosure on request. There is no amendment flag and no additional context such as a pre-arranged trading plan is checked on the form.

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

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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).

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^*

Ellingson Alan Wayne

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		S		44,693	D	$44.9(1)	128,131	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.86 to $44.92, 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 this footnote 1 to this Form 4.

	/s/ Faisal Hasan, attorney-in-fact	08/21/2025
	** 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).
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