DraftKings (DKNG): Canadian Imperial Bank of Commerce reports 7.3% ownership stake

Rhea-AI Filing Summary

DraftKings Inc. reports that Canadian Imperial Bank of Commerce, a Canadian Schedule I bank, beneficially owns 36,399,664 shares of DraftKings common stock, representing 7.3% of the class. CIBC has sole voting power and sole dispositive power over all 36,399,664 shares, with no shared voting or dispositive power disclosed.

Key Figures

Shares beneficially owned: 36,399,664 shares Percent of class: 7.3% Sole voting power: 36,399,664 shares +1 more

4 metrics

Shares beneficially owned 36,399,664 shares DraftKings common stock beneficially owned by Canadian Imperial Bank of Commerce

Percent of class 7.3% Portion of DraftKings common stock class held by Canadian Imperial Bank of Commerce

Sole voting power 36,399,664 shares Shares over which CIBC has sole power to vote or direct the vote

Sole dispositive power 36,399,664 shares Shares over which CIBC has sole power to dispose or direct disposition

Key Terms

Schedule 13G, beneficially owned, Sole Voting Power, dispositive power

4 terms

Schedule 13G regulatory

"Bank Corporation Schedule I under Bank Act (Canada)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 36399664"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 36,399,664.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 36,399,664.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

How many DraftKings (DKNG) shares does Canadian Imperial Bank of Commerce beneficially own?

Canadian Imperial Bank of Commerce beneficially owns 36,399,664 shares of DraftKings common stock. This stake is reported on a Schedule 13G and reflects CIBC’s beneficial ownership position as disclosed in the filing.

What percentage of DraftKings (DKNG) common stock is held by Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce holds 7.3% of DraftKings’ outstanding common stock. This ownership percentage is based on the company’s share count and is explicitly stated in the Schedule 13G filing.

Does Canadian Imperial Bank of Commerce share voting power over its DraftKings (DKNG) shares?

No. The filing states CIBC has sole voting power over all 36,399,664 DraftKings shares. It reports 0 shares with shared voting power, indicating exclusive authority to vote or direct the vote for this stake.

What dispositive power does Canadian Imperial Bank of Commerce have over DraftKings (DKNG) shares?

Canadian Imperial Bank of Commerce has sole dispositive power over 36,399,664 DraftKings shares. The filing reports 0 shares with shared dispositive power, meaning CIBC alone can decide whether to sell or otherwise dispose of these shares.

Who signed the Schedule 13G filing for DraftKings (DKNG) on behalf of Canadian Imperial Bank of Commerce?

The Schedule 13G was signed by Eli Hamid, identified as an Executive Director. The signature section confirms the signatory’s name, title, and execution role for Canadian Imperial Bank of Commerce in the ownership report.

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

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Available on EDGAR 08/13/2026 - 01:00 PM Accepted by SEC EDGAR 08/13/2026 - 12:59 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DraftKings Inc.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

26142V105

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 26142V105

1

Names of Reporting Persons

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 36,399,664.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 36,399,664.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

36,399,664.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DraftKings Inc.
(b)	Address of issuer's principal executive offices: 222 BERKELEY STREET, BOSTON, MASSACHUSETTS, 02116
Item 2.
(a)	Name of person filing: Canadian Imperial Bank of Commerce
(b)	Address or principal business office or, if none, residence: 81 Bay Street, CIBC Square, Toronto-Ontario M5J 0E7 Canada
(c)	Citizenship: Canada
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): 26142V105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Bank Corporation Schedule I under Bank Act (Canada)
Item 4.	Ownership
(a)	Amount beneficially owned: 36399664
(b)	Percent of class: 7.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 36399664
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 36399664
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/

Signature:	Eli Hamid
Name/Title:	Executive Director
Date:	08/13/2026