SLOAN HARRY 4
Research Summary
AI-generated summary
DraftKings (DKNG) Director Harry Sloan Receives 507 RSUs
What Happened
- Harry Sloan, a director of DraftKings Inc. (DKNG), was issued and had 507 restricted stock units (RSUs) that vested on February 10, 2026. The filing shows award/ acquisition entries for 507 RSUs at $0.00 and related exercise/conversion bookkeeping entries; no cash was paid and no sale occurred.
Key Details
- Transaction date: February 10, 2026 (filing dated Feb 12, 2026).
- Reported entries: Award (A) of 507 RSUs @ $0.00; exercise/conversion (M) entries for 507 units/shares showing $0 consideration.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: (F1) No Class A shares were transferred or sold upon vesting. (F2) Each RSU equals a contingent right to one share. (F3) These RSUs were issued in lieu of a quarterly cash retainer. (F4) RSUs were granted and became fully vested on Feb 10, 2026.
- Timeliness: Filing covers transactions on Feb 10 and was submitted Feb 12, 2026 (no late-filing flag shown).
Context
- This was a compensation award (RSUs vesting) rather than a market purchase or sale. Such director awards are routine and reflect non-cash compensation (here, in lieu of a cash retainer). Per the filing footnotes, there was no immediate sale or transfer of shares upon vesting, so this does not represent a liquidity event or a directional trade by the insider.