DraftKings CEO Robins gifts 12K shares, vests RSUs
DraftKings CEO Jason Robins reported RSU vesting with tax-withholding share transfers and a 12,000-share charitable gift of Class A stock.
Rhea-AI Filing Summary
DraftKings Inc. (DKNG) reported that Chief Executive Officer and Chairman Jason Robins had multiple equity award vestings and related share movements in Class A Common Stock. On September 1, 2026, several tranches of Restricted Stock Units vested and were settled in Class A shares, with portions of those shares delivered or withheld to the issuer at $23.44 per share to satisfy tax obligations, while the remaining shares were retained by Robins.
On September 3, 2026, Robins made a bona fide gift of 12,000 Class A shares to a non-profit organization, with no purchase or sale involved. He also continues to be the sole holder of 393,013,951 shares of Class B Common Stock, which are not registered securities, and 90 Class A shares are held indirectly through the Jason Robins Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
126,566 shares exercised/converted
Exercise
14 txns
Insider
Robins Jason
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F5 | 12,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 37,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7 | 16,404 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F8 | 14,008 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F9 | 58,654 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 37,500 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 18,132 | $23.44 | $425K |
| Exercise | Class A Common Stock F2 | 16,404 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 7,932 | $23.44 | $186K |
| Exercise | Class A Common Stock F3 | 14,008 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 6,773 | $23.44 | $159K |
| Exercise | Class A Common Stock F4 | 58,654 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 28,360 | $23.44 | $665K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,134,669 contracts (Direct);
Class A Common Stock — 3,718,932 shares (Direct);
Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)
Footnotes (9)
- 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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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 16,404 shares of Class A Common Stock underlying the RSUs listed in Table II, and 7,932 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 14,008 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,773 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. 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 58,654 shares of Class A Common Stock underlying the RSUs listed in Table II, and 28,360 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.
- F5. Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit organization. There was no purchase or sale of Class A Common Stock in connection with the transfer.
- F6. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.
- F7. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024.
- F8. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.
- F9. On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.
Key Figures
Charitable gift of Class A shares: 12,000 shares
RSUs vested into Class A shares: 37,500 shares
Additional RSUs vested into Class A shares: 16,404 shares
+5 more
8 metrics
Charitable gift of Class A shares
12,000 shares
Bona fide gift to a non-profit organization on September 3, 2026
RSUs vested into Class A shares
37,500 shares
RSU tranche vested and converted on September 1, 2026
Additional RSUs vested into Class A shares
16,404 shares
RSU tranche vested and converted on September 1, 2026
Additional RSUs vested into Class A shares
14,008 shares
RSU tranche vested and converted on September 1, 2026
Additional RSUs vested into Class A shares
58,654 shares
RSU tranche vested and converted on September 1, 2026
Shares withheld for taxes at vesting
18,132 shares at $23.44 per share
Withheld by issuer on 37,500 RSU vesting to satisfy withholding taxes
Class B Common Stock held
393,013,951 shares
Class B Common Stock of DraftKings held by Jason Robins, not registered securities
Indirect Class A holdings
90 shares
Held by Jason Robins Revocable Trust u/d/t January 8, 2014 as of September 1, 2026
Key Terms
Restricted Stock Units, bona fide gift, withholding taxes, contingent right
4 terms
Restricted Stock Units financial
"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
bona fide gift financial
"Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
withholding taxes financial
"other than to the Issuer to satisfy withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A"
FAQ
What equity transactions did DraftKings (DKNG) CEO Jason Robins report on this Form 4?
Jason Robins reported multiple RSU vestings on September 1, 2026 that converted into Class A Common Stock, with shares withheld to cover taxes, and a bona fide gift of 12,000 Class A shares to a non-profit organization on September 3, 2026.
Were Jason Robins’ DraftKings (DKNG) transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan applies to the reported transactions, meaning the document-level 10b5-1 checkbox is not marked as being pursuant to such a plan.
What RSU vesting activity did Jason Robins report for DraftKings (DKNG)?
He reported RSU vestings covering 37,500, 16,404, 14,008, and 58,654 RSUs, each converting into the same number of Class A shares. Portions of those shares were withheld by DraftKings to satisfy withholding taxes.
What other DraftKings (DKNG) holdings does Jason Robins report?
Jason Robins is disclosed as the sole holder of 393,013,951 shares of Class B Common Stock, which are not registered securities, and 90 Class A shares are held indirectly through the Jason Robins Revocable Trust u/d/t January 8, 2014.
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