Form 4 for DKNG DraftKings Inc.
Accepted 2025-08-12 00:00:00 ET · period of report 2025-08-09 · accession 0001104659-25-077045 · 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 | 2025-08-12 | 2025-08-09+ | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $3.29 | +448.3K | 4.40M | +11% | +$1.47M |
| DM | 2025-08-12 | 2025-08-11+ | DKNG | Kalish Matthew | See Remarks, Dir | S - Sale+OE | $42.79 | -420.0K | 4.19M | -9% | -$17.97M |
| D | 2025-08-12 | 2025-08-09 | DKNG | Kalish Matthew | See Remarks, Dir | F - Tax | $42.88 | -13.7K | 4.19M | -0.3% | -$586.9K |
| DM | 2025-08-12 | 2025-08-09+ | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $0.00 | -448.3K | 483.5K | -48% | $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 | 2025-08-12 | M | A | 210,000 | $3.29 | 4,400,233 | D | — | — | (F2) 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 withholding in cash. |
| 2 | Common | Class A Common Stock | 2025-08-12 | S | D | 210,000 | $42.90 | 4,190,233 | D | — | — | (F3) 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 ranging from $42.48 to $43.18, inclusive. See the last sentence of footnote 4 to this Form 4 above. |
| 3 | Common | Class A Common Stock | 2025-08-11 | S | D | 210,000 | $42.68 | 4,190,233 | D | — | — | (F3) 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. (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.39 to $43.12, 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 and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4 and 5 to this Form 4. |
| 4 | Common | Class A Common Stock | 2025-08-09 | M | A | 28,309 | — | 4,203,921 | D | — | — | (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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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. |
| 5 | Common | Class A Common Stock | 2025-08-09 | F | D | 13,688 | $42.88 | 4,190,233 | D | — | — | |
| 6 | Common | Class A Common Stock | 2025-08-11 | M | A | 210,000 | $3.29 | 4,400,233 | D | — | — | (F2) 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 withholding in cash. |
| 7 | Derivative | Restricted Stock Units | 2025-08-09 | M | D | 28,309 | $0.00 | 56,617 | D | — · — to — | 28,309 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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. (F6) On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years. |
| 8 | Derivative | Stock option | 2025-08-12 | M | D | 210,000 | $0.00 | 273,488 | D | $3.29 · — to 2028-05-03 | 210,000 Class A Common Stock | (F7) These stock options were granted on May 3, 2018. As of the date hereof, all of such remaining stock options have vested. |
| 9 | Derivative | Stock option | 2025-08-11 | M | D | 210,000 | $0.00 | 483,488 | D | $3.29 · — to 2028-05-03 | 210,000 Class A Common Stock | (F7) These stock options were granted on May 3, 2018. As of the date hereof, all of such remaining stock options have vested. |