SLOAN HARRY 4
4 · DraftKings Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) Director Harry Sloan Buys 100,000 Shares
What Happened
Harry Sloan, a director of DraftKings Inc. (DKNG), acquired 100,000 shares on February 17, 2026 in an open-market purchase (transaction code P). The filing reports a weighted average price of $21.85 per share, for a total cash outlay of approximately $2,185,000. This was a purchase (insider buying), which investors often view as a stronger signal than routine selling, though it does not by itself indicate future performance.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-18 (timely filing).
- Shares acquired: 100,000; weighted average price: $21.85; total value: ~$2,185,000.
- Reported price range: purchases occurred at prices between $21.76 and $22.00 (footnote states the weighted average covers multiple trades and full per-price breakdown is available on request).
- Shares owned after the transaction: not disclosed in the information provided in this summary.
- Footnotes/other: Footnote 1 clarifies the reported price is a weighted average across multiple transactions and the reporting person will provide per-trade price details upon request.
Context
Insider purchases by company directors can be of interest to retail investors as a potential positive signal, but they are only one data point. This filing documents a straightforward open-market purchase (not an option exercise, award, or gift). For more detail on the exact trade-by-trade pricing, the filing indicates the reporting person can supply the breakdown to shareholders or the SEC staff on request.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1]2026-02-17$21.85/sh+100,000$2,185,000→ 350,219 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.76 to $22.00, 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 purchased at each separate price within the range set forth in this footnote 1 to this Form 4.