Draftkings Inc SEC Filings

DraftKings Inc. (DKNG) reported routine insider equity activity by a director. The reporting person received 603 restricted stock units (RSUs) that were granted and became fully vested on November 6, 2025, issued in lieu of a quarterly cash retainer. Each RSU represents one share of Class A Common Stock. Upon vesting, 603 shares of Class A Common Stock were acquired at $0, and no shares were transferred or sold. After these transactions, the reporting person beneficially owned 2,064 shares directly and 25,648 shares indirectly through The Mustard Seed Living Trust.

DraftKings Inc. (DKNG) insider activity: the Chief Legal Officer reported a same‑day option exercise and sale on 11/06/2025. He exercised 52,777 stock options at an exercise price of $2.95 per share for Class A Common Stock, then sold 52,777 shares at an average price of $29 pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted on 12/13/2024.

Following these transactions, the officer beneficially owned 500,454 shares of Class A Common Stock directly. The exercised options were originally granted on 11/07/2017 and were fully vested as of the transaction date, with the aggregate exercise price paid in cash. After the exercise, the filing lists 1,420,170 derivative securities (stock options) beneficially owned.

DraftKings Inc. disclosed an insider equity award on Form 4. A director received 647 restricted stock units (RSUs) that were granted and became fully vested on November 6, 2025; each RSU represents one share of Class A common stock. The grant was issued in lieu of a quarterly cash retainer.

No shares were transferred or sold upon vesting. After settlement, the director directly beneficially owns 1,049 Class A shares.

DraftKings (DKNG) director reported routine equity compensation on a Form 4. The reporting person received 670 restricted stock units (RSUs) that were granted and became fully vested on November 6, 2025, issued in lieu of a quarterly cash retainer. Upon vesting, the RSUs converted to 670 shares of Class A Common Stock at $0, and no shares were transferred or sold in connection with the vesting. After these transactions, the reporting person beneficially owns 191,804 Class A shares, held directly.

DraftKings (DKNG): Director equity award reported. A company director received and fully vested 737 restricted stock units on November 6, 2025, issued in lieu of a quarterly cash retainer. The RSUs settled into 737 shares of Class A common stock at $0, and no shares were transferred or sold upon vesting. Following these transactions, the director beneficially owns 72,052 Class A shares, held directly.

DraftKings Inc. reported Q3 2025 results showing revenue of $1,144,019,000 and a net loss of $256,788,000, or $0.52 per share. For the first nine months, revenue reached $4,065,332,000 with a net loss of $132,716,000, reflecting improved year‑to‑date profitability versus 2024. iGaming continued to expand, while Sportsbook moderated in the quarter.

Liquidity and capital actions remained solid. Cash and cash equivalents were $1,228,275,000 as of September 30, 2025. Operating cash flow for the nine months was $342,382,000. The company added a $600,000,000 Term B Loan in March (about $597,000,000 outstanding at quarter‑end) and maintained a $500,000,000 revolving credit facility with $10,000,000 in letters of credit outstanding and no borrowings. The Board approved a $1,000,000,000 increase to the stock repurchase authorization on November 6, 2025, bringing the total program to $2,000,000,000; repurchases were 1.6 million shares for $71,200,000 in Q3 and 8.2 million shares for $314,000,000 year‑to‑date.

DraftKings Inc. announced that its Board of Directors authorized the repurchase of up to $2.0 billion of Class A common stock, increasing the prior authorization of $1.0 billion. Repurchases may occur through open market purchases, privately negotiated transactions, or other transactions in accordance with applicable securities laws, subject to market conditions and other factors.

The authorization does not require any specific number or amount of shares to be acquired and may be terminated at any time. The company may also enter into Rule 10b5-1 plans to facilitate repurchases. Separately, DraftKings furnished a press release as Exhibit 99.1 covering financial results for the quarter ended September 30, 2025.

DraftKings Inc. (DKNG) reported a Form 4 for its Chief Financial Officer detailing RSU vesting on 11/01/2025. 4,310 shares of Class A common stock were delivered upon RSU vesting, and 2,084 shares were withheld at $30.59 to cover taxes. Following these transactions, the officer beneficially owns 135,411 Class A shares directly and holds 43,102 RSUs outstanding. The RSUs were part of a 68,963-unit grant from May 1, 2024 that vests quarterly over four years.

DraftKings (DKNG) Chief Legal Officer reported routine equity activity on 11/01/2025. 808 shares of Class A common stock vested from restricted stock units, and 354 shares were withheld by the company to cover taxes at $30.59 per share. Following these transactions, direct holdings were 500,454 shares.

The filing shows 3,229 RSUs remaining after the event. It also notes a prior grant on February 10, 2025 of 9,692 RSUs that vest monthly over one year beginning March 1, 2025. No open‑market sales occurred beyond the tax withholding described.