Form 4 for DKNG DraftKings Inc.
Accepted 2025-12-11 00:00:00 ET · period of report 2025-12-10 · accession 0001810190-25-000011 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-12-11 | 2025-12-10 | DKNG | Kalish Matthew | See Remarks, Dir | F - Tax | $34.63 | -1.45M | 5.77M | -20% | -$50.21M |
| M | 2025-12-11 | 2025-12-10 | DKNG | Kalish Matthew | See Remarks, Dir | M - OptEx | $0.00 | +3.00M | 6.99M | +75% | $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 | 2025-12-10 | F | D | 1,336,219 | $34.63 | 5,651,934 | D | — | — | |
| 2 | Common | Class A Common Stock | 2025-12-10 | M | A | 235,294 | $0.00 | 5,887,228 | D | — | — | (F3) No shares of Class A Common Stock were transferred or sold upon the vesting of the PSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 235,294 shares of Class A Common Stock underlying the PSUs listed in Table I, and 113,765 shares of Class A Common Stock withheld by the Issuer. (F1) Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested pursuant to the terms and conditions of the Transition Agreement, dated November 6, 2025, between the Reporting Person and the Issuer. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2025-12-10 | F | D | 113,765 | $34.63 | 5,773,463 | D | — | — | |
| 4 | Common | Class A Common Stock | 2025-12-10 | M | A | 2,763,636 | $0.00 | 6,988,153 | D | — | — | (F1) Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested pursuant to the terms and conditions of the Transition Agreement, dated November 6, 2025, between the Reporting Person and the Issuer. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F2) No shares of Class A Common Stock were transferred or sold upon the vesting of the PSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,763,636 shares of Class A Common Stock underlying the PSUs listed in Table I, and 1,336,219 shares of Class A Common Stock withheld by the Issuer. |