Form 4 for DKNG DraftKings Inc.
Accepted 2025-03-04 00:00:00 ET · period of report 2025-03-01 · accession 0001104659-25-020530 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-03-04 | 2025-03-01+ | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $3.49 | +455.0K | 4.30M | +12% | +$1.59M |
| DM | 2025-03-04 | 2025-03-03+ | DKNG | Kalish Matthew | See Remarks, Dir | S - Sale+OE | $41.97 | -420.0K | 4.14M | -9% | -$17.63M |
| DM | 2025-03-04 | 2025-03-01+ | DKNG | Kalish Matthew | See Remarks, Dir | F - Tax | $44.03 | -16.1K | 4.14M | -0.4% | -$709.9K |
| DMI | 2025-03-04 | 2025-03-03 | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | — | +3,923 | 3,883 | New | — |
| DMI | 2025-03-04 | 2025-03-03 | DKNG | Kalish Matthew | See Remarks, Dir | F - Tax | $47.29 | -955 | 2,938 | -25% | -$45.2K |
| DM | 2025-03-04 | 2025-03-01+ | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $0.00 | -455.0K | 0 | -100% | $0 |
| DMI | 2025-03-04 | 2025-03-03 | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $0.00 | -3,923 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-03-04 | M | A | 189,927 | $3.29 | 4,330,436 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. |
| 2 | Common | Class A Common Stock | 2025-03-03 | S | D | 116,322 | $44.05 | 4,138,049 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $43.63 to $44.48, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 3 | Common | Class A Common Stock | 2025-03-03 | S | D | 43,146 | $43.10 | 4,254,371 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.63 to $43.61, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 4 | Common | Class A Common Stock | 2025-03-03 | S | D | 50,532 | $41.84 | 4,297,517 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.53 to $42.46, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5, 6, 7, 11, 12, 13 and 14 to this Form 4. |
| 5 | Common | Class A Common Stock | 2025-03-03 | M | A | 52,174 | $3.29 | 4,348,049 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. |
| 6 | Common | Class A Common Stock | 2025-03-03 | F | D | 791 | $47.29 | 4,140,509 | D | — | — | |
| 7 | Common | Class A Common Stock | 2025-03-03 | M | A | 40 | — | 196,319 | I | — | — | (F9) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 40 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 10 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |
| 8 | Common | Class A Common Stock | 2025-03-03 | F | D | 10 | $47.29 | 196,309 | I | — | — | |
| 9 | Common | Class A Common Stock | 2025-03-03 | M | A | 3,883 | — | 3,883 | I | — | — | (F10) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,883 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 945 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |
| 10 | Common | Class A Common Stock | 2025-03-03 | F | D | 945 | $47.29 | 2,938 | I | — | — | |
| 11 | Common | Class A Common Stock | 2025-03-03 | M | A | 3,251 | — | 4,141,300 | D | — | — | (F8) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,251 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 791 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |
| 12 | Common | Class A Common Stock | 2025-03-04 | M | A | 20,073 | $3.29 | 4,350,509 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. |
| 13 | Common | Class A Common Stock | 2025-03-04 | S | D | 92,672 | $39.77 | 4,257,837 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $39.27 to $40.26, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 14 | Common | Class A Common Stock | 2025-03-04 | S | D | 50,530 | $40.91 | 4,207,307 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F12) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $40.27 to $41.26, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 15 | Common | Class A Common Stock | 2025-03-04 | S | D | 65,570 | $41.53 | 4,141,737 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F13) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $41.27 to $42.15, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 16 | Common | Class A Common Stock | 2025-03-04 | S | D | 1,228 | $42.28 | 4,140,509 | D | — | — | (F4) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. (F14) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.28 to $42.37, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| 17 | Common | Class A Common Stock | 2025-03-01 | M | A | 22,059 | — | 4,143,732 | D Held by Kalish Family 2020 Irrevocable Trusts | — | — | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 18 | Common | Class A Common Stock | 2025-03-01 | F | D | 10,666 | $43.86 | 4,133,066 | D Held by Kalish Family 2020 Irrevocable Trusts | — | — | |
| 19 | Common | Class A Common Stock | 2025-03-01 | M | A | 9,649 | — | 4,142,715 | D Held by Matthew P. Kalish 2020 Trust | — | — | (F2) No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 20 | Common | Class A Common Stock | 2025-03-01 | F | D | 4,666 | $43.86 | 4,138,049 | D Held by Matthew P. Kalish 2020 Trust | — | — | |
| 21 | Common | Class A Common Stock | 2025-03-03 | M | A | 157,826 | $3.82 | 4,295,875 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. |
| 22 | Derivative | Restricted Stock Units | 2025-03-01 | M | D | 9,649 | $0.00 | 115,794 | D Held by Matthew P. Kalish 2020 Trust | — · — to — | 9,649 Class A Common Stock | (F2) No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F16) On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024. |
| 23 | Derivative | Stock Option | 2025-03-04 | M | D | 189,927 | $0.00 | 0 | D | $3.29 · — to 2028-04-18 | 189,927 Class A Common Stock | (F18) These stock options were granted on April 18, 2018. As of the date hereof, all of such remaining stock options have vested. |
| 24 | Derivative | Warrant for Common Stock | 2025-03-03 | M | D | 3,883 | $0.00 | 0 | I | $11.50 · 2020-05-23 to 2025-04-23 | 3,883 Class A Common Stock | (F10) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,883 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 945 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |
| 25 | Derivative | Warrant for Common Stock | 2025-03-03 | M | D | 40 | $0.00 | 0 | I | $11.50 · 2020-05-23 to 2025-04-23 | 40 Class A Common Stock | (F9) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 40 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 10 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |
| 26 | Derivative | Restricted Stock Units | 2025-03-01 | M | D | 22,059 | $0.00 | 176,470 | D Held by Kalish Family 2020 Irrevocable Trusts | — · — to — | 22,059 Class A Common Stock | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F15) On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023. |
| 27 | Derivative | Stock Option | 2025-03-04 | M | D | 20,073 | $0.00 | 1,113,488 | D | $3.29 · — to 2028-05-03 | 20,073 Class A Common Stock | (F19) These stock options were granted on May 3, 2018. As of the date hereof, all of such remaining stock options have vested. |
| 28 | Derivative | Stock Option | 2025-03-03 | M | D | 157,826 | $0.00 | 0 | D | $3.82 · — to 2027-05-03 | 157,826 Class A Common Stock | (F17) These stock options were granted on May 3, 2017. As of the date hereof, all of such remaining stock options have vested. |
| 29 | Derivative | Stock Option | 2025-03-03 | M | D | 52,174 | $0.00 | 189,927 | D | $3.29 · — to 2028-04-18 | 52,174 Class A Common Stock | (F18) These stock options were granted on April 18, 2018. As of the date hereof, all of such remaining stock options have vested. |
| 30 | Derivative | Warrant for Common Stock | 2025-03-03 | M | D | 3,251 | $0.00 | 0 | D | $11.50 · 2020-05-23 to 2025-04-23 | 3,251 Class A Common Stock | (F8) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,251 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 791 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share. |