DraftKings Inc. filings document the formal disclosures of a Nasdaq-listed online gaming and entertainment company with Class A common stock. Its 8-K reports furnish quarterly and annual financial results, business updates, earnings presentations and material-event disclosures tied to operating performance across Sportsbook, iGaming, lottery and related products.
DraftKings' regulatory record also covers proxy materials for annual meeting voting matters, board and committee governance, director appointments, executive compensation and shareholder rights. Other disclosures address registered securities, capital structure, stock repurchase authorization and the governance procedures applicable to a Nevada corporation operating in regulated gaming markets.
DraftKings Inc. director and officer Matthew Kalish reported equity compensation activity in Class A common stock. He acquired 51,464 shares on February 13, 2026 through the vesting of restricted stock units that were granted under DraftKings’ 2020 Incentive Award Plan and tied to performance goals.
To cover withholding taxes due at vesting, 22,273 shares were withheld by DraftKings at a price of $21.76 per share as a tax-withholding disposition, rather than an open-market sale. After these transactions, Kalish directly owned 5,822,300 Class A shares. He also had indirect ownership of 196,309 shares held by Kalish Family 2020 Irrevocable Trusts and 2,938 shares held by the Matthew P. Kalish 2020 Trust.
DraftKings Inc. Chief Legal Officer Dodge R. Stanton reported equity-based compensation activity. On February 17, 2026, he was granted 198,317 restricted stock units (RSUs) vesting quarterly over four years and 17,707 RSUs vesting monthly over one year, each RSU representing one Class A share. On February 13, 2026, 25,732 RSUs vested under the 2020 Incentive Award Plan after performance goals were achieved; 11,258 Class A shares were withheld by DraftKings to cover taxes, with the remainder delivered to Stanton. Following these transactions, he directly owned 522,889 shares of Class A Common Stock.
DraftKings Inc. insider Jason Robins reported equity compensation and related tax withholding transactions. He was granted 938,468 Restricted Stock Units, each representing a right to receive one share of Class A Common Stock, vesting quarterly over four years from March 1, 2026.
On Class A Common Stock, he reported an acquisition of 87,489 shares tied to RSU vesting under the 2020 Incentive Award Plan and a disposition of 42,301 shares used to satisfy withholding taxes at $21.76 per share. Following these transactions, he directly held 3,573,663 Class A shares and also reported 90 shares held indirectly through the Jason Robins Revocable Trust dated January 8, 2014.
DraftKings director and officer Paul Liberman reported multiple equity transactions involving company stock and awards. Trusts associated with him exercised stock options for 400,000 shares of Class A Common Stock at an exercise price of $3.29 per share, with the aggregate exercise price and tax withholdings paid in cash. He also received an award of 531,208 restricted stock units on February 17, 2026, scheduled to vest quarterly over four years from March 1, 2026.
Earlier in the period, 51,464 RSUs vested, delivering Class A shares while 22,273 shares were withheld to cover taxes. In addition, there were bona fide gifts totaling 400,000 shares of Class A Common Stock to family trusts, with the filing noting no purchase or sale occurred in connection with those transfers. The report also updates direct and indirect holdings across several Liberman-related trusts.
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.
Janus Henderson Group plc has disclosed a significant ownership position in DraftKings Inc. The firm’s asset management subsidiaries may be deemed to beneficially own 25,313,909 shares of DraftKings Class A common stock, representing 5.1% of the class as of the reporting date.
Janus Henderson reports zero sole voting or dispositive power and shared voting and dispositive power over all 25,313,909 shares. The shares are held in various managed portfolios for clients, which have the right to receive dividends and sale proceeds, while Janus Henderson’s asset managers disclaim ownership of those economic rights.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of DraftKings, nor in connection with any control-related transaction.
DraftKings Inc. reports strong growth in its digital sports entertainment and gaming business, with revenue rising to $6,054.5 million in 2025 from $4,767.7 million in 2024 and $3,665.4 million in 2023. The company reached average monthly unique payers of 4.0 million in 2025, up from 3.7 million and 2.7 million in the prior two years, while average revenue per payer increased to $125. Sportsbook Handle grew to $53.6 billion in 2025 and Sportsbook Net Revenue Margin improved to 7.1%. DraftKings achieved net income of $3.7 million in 2025 after a net loss of $507.3 million in 2024, reflecting scale benefits and more efficient marketing. The filing also details significant regulatory, technology, competition and cybersecurity risks across its Sportsbook, iGaming, DFS, lottery courier and new CFTC-regulated prediction markets operations.
DraftKings Inc. reported a strong finish to 2025 with rapid growth and a turn to profitability. Fourth quarter 2025 revenue reached $1,989 million, up $596 million or 43% from the same period in 2024, helped by healthy customer engagement, new customer acquisition, and higher Sportsbook net revenue margin.
For full-year 2025, revenue grew to $6,054 million, an increase of about 27% from 2024, and net income attributable to common stockholders swung to a profit of $3.7 million from a $507.3 million loss. Adjusted EBITDA improved to $619.987 million for 2025, up from $181.307 million, with fourth quarter Adjusted EBITDA of $343.202 million.
The company highlighted unchanged Monthly Unique Payers of 4.8 million in the fourth quarter, but a 43% rise in Average Revenue per MUP to $139. DraftKings issued 2026 guidance for revenue of $6.5 billion to $6.9 billion and Adjusted EBITDA of $700 million to $900 million, reflecting planned investment in its DraftKings Predictions product and expansion into additional jurisdictions.
DraftKings Inc. director Gregory Westin Wendt reported an equity award and vesting event. On February 10, 2026, he received 345 restricted stock units (RSUs) granted in lieu of a quarterly cash retainer. Each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock.
The RSUs were granted and became fully vested on February 10, 2026, and were converted into 345 shares of Class A Common Stock at a price of $0 per share. After this conversion, Wendt directly beneficially owned 10,345 Class A shares. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs.
DraftKings Inc. director Marni M. Walden reported equity-based compensation rather than a cash retainer. On February 10, 2026, Walden received a grant of 691 restricted stock units, issued in lieu of a quarterly cash retainer. Each unit represents one share of DraftKings Class A Common Stock and the units were granted and became fully vested on the same date. Their vesting and exercise resulted in 691 shares of Class A Common Stock at no cash cost and did not involve any transfer or sale of shares. Following these transactions, Walden directly beneficially owns 192,495 shares of Class A Common Stock.