DraftKings (DKNG): Kenneth Dart reports 5.8% Class A stake via Candle Lake

Rhea-AI Filing Summary

Kenneth B. Dart, through Candle Lake Limited, reports beneficial ownership of 28,581,386 DraftKings Inc. Class A ordinary shares on a Schedule 13G. This represents 5.8% of the outstanding Class A shares as of the filing date.

The shares are directly held by Candle Lake Limited, an entity that is 100% owned and controlled by Dart, a British Overseas Territory citizen of the Cayman Islands. Dart has sole voting and sole dispositive power over all 28,581,386 shares, with no shared voting or dispositive authority reported.

Key Figures

Beneficially owned shares: 28,581,386 shares Percent of class: 5.8% Sole voting power: 28,581,386 shares +1 more

4 metrics

Beneficially owned shares 28,581,386 shares Class A ordinary shares beneficially owned by Kenneth B. Dart via Candle Lake Limited

Percent of class 5.8% Percentage of DraftKings Class A shares beneficially owned as reported

Sole voting power 28,581,386 shares Shares over which Dart has sole power to vote or direct the vote

Sole dispositive power 28,581,386 shares Shares over which Dart has sole power to dispose or direct the disposition

Key Terms

Schedule 13G, beneficial owner, Sole Voting Power, dispositive power, +1 more

5 terms

Schedule 13G regulatory

"Kenneth B. Dart reports beneficial ownership of shares on a Schedule 13G"

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.

beneficial owner financial

"Mr. Dart is the beneficial owner of all of the outstanding shares of Candle Lake Limited"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Sole Voting Power financial

"Sole Voting Power 28,581,386.00 6 | Shared Voting Power 0.00"

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 28,581,386.00 8 | Shared Dispositive Power 0.00"

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.

Ordinary Shares - Class A financial

"Title of class of securities: Ordinary Shares - Class A"

FAQ

What percentage of DraftKings (DKNG) does Kenneth B. Dart report owning?

Kenneth B. Dart reports beneficial ownership of 5.8% of DraftKings Inc.’s Class A ordinary shares. This stake is based on 28,581,386 shares held through Candle Lake Limited as of the filing date.

How many DraftKings (DKNG) shares does Kenneth B. Dart beneficially own?

Kenneth B. Dart beneficially owns 28,581,386 DraftKings Class A ordinary shares. These shares are directly held by Candle Lake Limited, an entity 100% owned and controlled by Dart.

Who actually holds the DraftKings (DKNG) shares reported by Kenneth B. Dart?

The 28,581,386 DraftKings shares are directly held by Candle Lake Limited. Schedule 13G states Candle Lake Limited is 100% owned and controlled by Kenneth B. Dart, making him the beneficial owner.

Does Kenneth B. Dart share voting power over DraftKings (DKNG) shares?

No. The Schedule 13G reports sole voting power over all 28,581,386 shares and zero shared voting power. Dart also has sole dispositive power over the same number of shares.

What class of DraftKings (DKNG) securities is reported in this Schedule 13G?

The filing covers DraftKings Inc. Ordinary Shares - Class A with CUSIP 26142V105. Kenneth B. Dart, through Candle Lake Limited, reports beneficial ownership and control over these Class A shares.

What is the citizenship of the DraftKings (DKNG) Schedule 13G reporting person?

The reporting person, Kenneth B. Dart, is disclosed as a British Overseas Territory citizen, Cayman Islands. His principal business office is listed in Grand Cayman, Cayman Islands.

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

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Available on EDGAR 08/14/2026 - 05:55 PM Accepted by SEC EDGAR 08/14/2026 - 05:55 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)

Ordinary Shares - Class A

(Title of Class of Securities)

26142V105

(CUSIP Number)

08/07/2026

(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

DART KENNETH BRYAN

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 28,581,386.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 28,581,386.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

28,581,386.00

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)

5.8 %

12

Type of Reporting Person (See Instructions)

IN

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: KENNETH B. DART Mr. Dart is the beneficial owner of all of the outstanding shares of Candle Lake Limited.
(b)	Address or principal business office or, if none, residence: (a)P. O. BOX 31300 GRAND CAYMAN KY1-1206 CAYMAN ISLANDS
(c)	Citizenship: (a)BRITISH OVERSEAS TERRITORY CITIZEN, CAYMAN ISLANDS
(d)	Title of class of securities: Ordinary Shares - Class A
(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).
Item 4.	Ownership
(a)	Amount beneficially owned: 28,581,386 The shares, which reflect the number held as of the filing date of this Statement, are directly held by Candle Lake Limited, an entity 100% owned and controlled by the Reporting Person.
(b)	Percent of class: 5.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 28,581,386
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 28,581,386
	(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 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.

DART KENNETH BRYAN

Signature:	Kenneth B Dart
Name/Title:	Director
Date:	08/14/2026