Dodge R Stanton 4

What Happened
Dodge R. Stanton, Chief Legal Officer of DraftKings (DKNG), had 808 restricted stock units (RSUs) convert to 808 shares on February 1, 2026. To satisfy tax withholding, the issuer withheld 354 of those shares at $27.51 per share (totaling $9,739). The reporting indicates a net receipt of 454 shares by Stanton. The filing shows the RSU conversion (derivative exercise/settlement) and the tax-withholding disposition — this is not an open-market sale but a withholding to cover taxes.

Key Details

• Transaction date: February 1, 2026; Filing date: February 3, 2026 (appears timely).
• Vesting/Conversion: 808 RSUs converted to 808 shares (derivative code M).
• Tax withholding: 354 shares withheld at $27.51/share, totaling $9,739 (code F). Net shares retained: 808 - 354 = 454.
• Footnote: The 808-share tranche matches monthly vesting from the Feb 10, 2025 grant of 9,692 RSUs that vest monthly over one year (9,692/12 ≈ 808).
• Shares owned after transaction: not specified in the filing.
• This was a routine RSU vesting event with tax withholding (not a 10b5-1 sale or open-market disposition).

Context
RSU conversions/withholdings are common when equity awards vest; withholding to cover taxes is standard and doesn’t necessarily signal a view on the company’s prospects. The filing shows a cashless-style tax withholding (issuer retained shares) rather than an open-market sale.