SLOAN HARRY 4

What Happened

• Harry Sloan, a director of DraftKings (DKNG), had restricted stock units (RSUs) vest and convert on May 12, 2026. The Form 4 shows two derivative transactions of 5,562 shares each (total 11,124 units): one entry marked "acquired" and one marked "disposed" at $0. Footnotes state each RSU equals a contingent right to one share, the RSUs were granted Aug 5, 2025 and became fully vested May 12, 2026, and no Class A shares were transferred or sold upon vesting. This appears to be routine equity award vesting rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12 (reported on Form 4 filed 2026-05-14).
• Reported entries: 5,562 shares acquired (exercise/conversion, code M) and 5,562 shares disposed (derivative) at $0 — total 11,124 RSUs affected.
• Price / value: No cash proceeds reported; disposed entry shows $0; acquired entry lists N/A for price.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: F1 — no Class A shares transferred/sold upon vesting; F2 — each RSU = right to one share; F3 — grant date Aug 5, 2025; vested May 12, 2026.
• Timeliness: Filing date (May 14) is within the standard two-business-day window for a May 12 transaction (filed timely).

Context

• RSU vesting is an award/compensation event and does not by itself signal buying or selling intent in the market; purchases are generally considered more informative than award vesting.
• The Form 4 shows conversion/settlement activity for RSUs (derivative code M) but no immediate open-market sale of shares was reported in this filing.