DraftKings director exercises 5,562 RSUs into stock

DraftKings director Marni M Walden reported the vesting of restricted stock units that converted into Class A Common Stock.

Rhea-AI Filing Summary

DraftKings director Marni M Walden reported the vesting of restricted stock units that converted into Class A Common Stock. On May 12, 2026, 5,562 RSUs were exercised into 5,562 shares, with no shares transferred or sold upon vesting. Following this compensation-related delivery, Walden directly holds 198,057 Class A shares.

Insider Trade Summary

5,562 shares exercised/converted

Exercise 2 txns

Insider WALDEN MARNI M

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,562	$0.00	$0.00
Exercise	Class A Common Stock	5,562	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 198,057 shares (Direct)

Footnotes (3)

1. F1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
2. F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
3. F3. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026.

Key Figures

RSUs vested: 5,562 units Shares acquired via RSU vesting: 5,562 shares Holdings after transaction: 198,057 shares +3 more

6 metrics

RSUs vested 5,562 units Restricted stock units converting on May 12, 2026

Shares acquired via RSU vesting 5,562 shares Class A Common Stock received on May 12, 2026

Holdings after transaction 198,057 shares Direct Class A Common Stock ownership following vesting

RSU grant date August 5, 2025 Grant date for reported restricted stock units

RSU vesting date May 12, 2026 Date RSUs became fully vested and delivered

Shares sold on vesting 0 shares No Class A shares transferred or sold upon RSU vesting

Key Terms

Restricted Stock Units, Class A Common Stock, Exercise or conversion of derivative security

3 terms

Restricted Stock Units financial

"The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026."

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.

Class A Common Stock financial

"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs")."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DraftKings (DKNG) report for Marni M Walden?

DraftKings reported that director Marni M Walden had 5,562 restricted stock units vest into 5,562 shares of Class A Common Stock on May 12, 2026. This was a compensation-related conversion, not an open-market trade.

How many DraftKings (DKNG) shares did Marni M Walden acquire in this Form 4?

Marni M Walden acquired 5,562 shares of DraftKings Class A Common Stock through the vesting of restricted stock units. Each RSU represented a contingent right to receive one Class A share, which converted into stock on the vesting date.

Were any DraftKings (DKNG) shares sold when Marni M Walden’s RSUs vested?

No shares were sold when Marni M Walden’s restricted stock units vested. A footnote states that no shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs, indicating this was not a market sale.

What are the grant and vesting dates of Marni M Walden’s DraftKings RSUs?

The restricted stock units reported for Marni M Walden were granted on August 5, 2025 and became fully vested on May 12, 2026. At vesting, 5,562 RSUs converted into an equal number of DraftKings Class A Common shares.

How many DraftKings (DKNG) shares does Marni M Walden hold after this transaction?

After the RSU vesting and share delivery, Marni M Walden directly holds 198,057 shares of DraftKings Class A Common Stock. This figure reflects her direct ownership position following the May 12, 2026 compensation-related transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 04:23 PM EDT Learn about SEC filing dates

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^*

WALDEN MARNI M

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/12/2026		M		5,562	A	(1)	198,057	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
Restricted Stock Units	(1)(2)	05/12/2026		M			5,562	(3)	(3)	Class A Common Stock	5,562	$0	0	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").

2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

3. The RSUs were granted on August 5, 2025 and became fully vested on May 12, 2026.

Remarks:

	/s/ Faisal Hasan, attorney-in-fact	05/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)