DraftKings director buys 100,000 DKNG shares
DraftKings Inc. director Harry Sloan bought 100,000 shares of Class A Common Stock in an open-market purchase.
Rhea-AI Filing Summary
DraftKings Inc. director Harry Sloan bought 100,000 shares of Class A Common Stock in an open-market purchase. The average price was $21.85 per share, based on multiple trades between $21.76 and $22.00. After this transaction, he directly owns 350,219 DraftKings shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
1 txn
Insider
SLOAN HARRY
Role
Director
Bought
100,000 shs ($2.19M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 100,000 | $21.85 | $2.19M |
Holdings After Transaction:
Class A Common Stock — 350,219 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.76 to $22.00, 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 purchased at each separate price within the range set forth in this footnote 1 to this Form 4.
FAQ
What did DraftKings (DKNG) director Harry Sloan report in this Form 4?
Harry Sloan reported buying 100,000 DraftKings Class A shares in an open-market transaction. The purchase increased his direct ownership to 350,219 shares, showing a larger personal stake in the company following these transactions at prices between $21.76 and $22.00 per share.
Was the DraftKings (DKNG) insider transaction an open-market purchase or another type?
The transaction was an open-market purchase of DraftKings Class A Common Stock. The Form 4 identifies the code as “P,” meaning a purchase, and specifies that the trade was an open-market or private transaction at prices between $21.76 and $22.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.