Were Jason Robins’ DraftKings (DKNG) share disposals open-market sales?

The disposals were reported as tax-withholding transactions to DraftKings, not open-market sales. Footnotes state no shares were transferred or sold upon RSU vesting other than those delivered to the issuer to satisfy withholding taxes at a price of $23.84 per share.

How were the RSU-related tax obligations satisfied in Jason Robins’ DraftKings (DKNG) filing?

Tax obligations were met by delivering a portion of vested shares back to DraftKings. Specifically, 18,132, 7,932 and 6,774 shares of Class A common stock were withheld by the issuer, with the Form 4 describing these as payments of tax liability via share delivery.

Jason Robins’ DraftKings (DKNG) RSUs vest with tax-share withholdings

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DraftKings Inc. officer and director Jason Robins reported multiple restricted stock unit (RSU) vestings and related share movements. On March 1, 2026, RSUs covering 37,500, 16,405 and 14,009 shares of Class A common stock vested and were converted into shares at $0.00 per share.

According to the footnotes, no shares were transferred or sold upon vesting other than shares delivered back to DraftKings to cover withholding taxes. To satisfy these tax obligations, 18,132, 7,932 and 6,774 Class A shares were disposed of to the issuer at $23.84 per share.

After these transactions, Robins directly owned 3,608,739 shares of DraftKings Class A common stock and indirectly held 90 additional shares through the Jason Robins Revocable Trust dated January 8, 2014.

Insider Trade Summary

67,914 shares exercised/converted

Mixed 10 txns

Insider Robins Jason

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	37,500	$0.00	--
Exercise	Restricted Stock Units	16,405	$0.00	--
Exercise	Restricted Stock Units	14,009	$0.00	--
Exercise	Class A Common Stock	37,500	$0.00	--
Tax Withholding	Class A Common Stock	18,132	$23.84	$432K
Exercise	Class A Common Stock	16,405	$0.00	--
Tax Withholding	Class A Common Stock	7,932	$23.84	$189K
Exercise	Class A Common Stock	14,009	$0.00	--
Tax Withholding	Class A Common Stock	6,774	$23.84	$161K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 150,000 shares (Direct); Class A Common Stock — 3,611,163 shares (Direct); Class A Common Stock — 90 shares (Indirect, Held by Jason Robins Revocable Trust u/d/t January 8, 2014)

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 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. 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 16,405 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. 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 14,009 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,774 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. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 07:37 PM

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

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)
03/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/01/2026		M		37,500	A	⁽¹⁾	3,611,163	D
Class A Common Stock	03/01/2026		F		18,132	D	$23.84	3,593,031	D
Class A Common Stock	03/01/2026		M		16,405	A	⁽²⁾	3,609,436	D
Class A Common Stock	03/01/2026		F		7,932	D	$23.84	3,601,504	D
Class A Common Stock	03/01/2026		M		14,009	A	⁽³⁾	3,615,513	D
Class A Common Stock	03/01/2026		F		6,774	D	$23.84	3,608,739	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/01/2026		M			37,500	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	37,500	$0	150,000	D
Restricted Stock Units	⁽²⁾	03/01/2026		M			16,405	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	16,405	$0	131,233	D
Restricted Stock Units	⁽³⁾	03/01/2026		M			14,009	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	14,009	$0	168,100	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 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.

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 16,405 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.

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 14,009 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,774 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.

4. On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.

5. On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024.

6. On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.

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	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).
** 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 insider transactions did Jason Robins report for DraftKings (DKNG) on March 1, 2026?

Jason Robins reported RSU vestings converting into DraftKings Class A shares and related tax-withholding disposals. RSUs for 37,500, 16,405 and 14,009 shares vested, with some shares delivered back to DraftKings solely to cover withholding tax obligations at a stated price per share.

How many DraftKings (DKNG) RSUs vested for Jason Robins in this Form 4?

Three RSU tranches vested for Jason Robins, covering 37,500, 16,405 and 14,009 shares of DraftKings Class A common stock. Each RSU represents a contingent right to receive one share, and the vestings follow multi-year quarterly schedules disclosed in earlier RSU grant descriptions.

How many DraftKings (DKNG) shares does Jason Robins own after these transactions?

After the reported transactions, Jason Robins directly owned 3,608,739 shares of DraftKings Class A common stock. He also indirectly held 90 additional Class A shares through the Jason Robins Revocable Trust dated January 8, 2014, as disclosed in the ownership table.

What RSU grant schedules for Jason Robins are referenced in this DraftKings (DKNG) Form 4?

The filing references RSU grants of 600,000 units from February 13, 2023, 262,467 units from February 12, 2024, and 224,133 units from February 10, 2025. Each grant vests quarterly over four years beginning on March 1 of the year following each grant date.