Dodge R Stanton 4
4 · DraftKings Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) Chief Legal Officer Dodge Stanton Exercises RSUs
What Happened Dodge R. Stanton, DraftKings' Chief Legal Officer, had 14,154 restricted stock units (RSUs) convert into Class A shares on February 9, 2026. Of those, 6,193 shares were withheld by the company to cover taxes at $27.22 per share (proceeds ~$168,573), leaving a net receipt of 7,961 shares. The RSU conversion is reported as an exercise/conversion of a derivative (M) and the withholding is reported under tax withholding (F).
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
- RSUs converted: 14,154 shares (conversion recorded at $0.00 for the derivative portion).
- Shares withheld for taxes: 6,193 shares at $27.22 each = $168,573 (disposed to issuer for tax withholding).
- Net shares received by Stanton: 7,961 shares (14,154 − 6,193).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: F1 confirms withholding by the issuer to satisfy taxes; F2 notes these RSUs were from a Feb 9, 2022 grant of 226,470 RSUs vesting quarterly over four years.
Context This was an RSU vesting event with company withholding for taxes (a cashless-withholding settlement), not an open-market buy or sell. Such filings document compensation vesting and tax withholding rather than active market trades; they do not by themselves indicate the insider’s trading sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-09+14,154→ 514,608 total - Tax Payment
Class A Common Stock
2026-02-09$27.22/sh−6,193$168,573→ 508,415 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-09−14,154→ 0 total→ Class A Common Stock (14,154 underlying)
Footnotes (2)
- [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 14,154 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,193 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]On February 9, 2022, the Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years.