Dodge R Stanton 4
4 · DraftKings Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) CLO Dodge Stanton Receives RSU Awards; Shares Withheld
What Happened
- Dodge R. Stanton, Chief Legal Officer of DraftKings (DKNG), converted/received RSU awards that vested on June 1, 2026. A total of 34,722 RSUs converted into common shares. To satisfy tax withholding, 15,193 shares were surrendered to the issuer (withhold), resulting in a net delivery to Stanton of approximately 19,529 shares.
- The withholding was recorded as dispositions (code F) at a per-share withholding value of $26.33, totaling about $400,033. The conversion/vesting events are reported as derivative-to-stock conversions (code M); the $0.00 disposed entries reflect cancellation of the RSU derivative interests upon conversion.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 2, 2026 (same-day/timely filing).
- Grants converted (total): 34,722 RSUs across multiple prior grants.
- Shares withheld for taxes: 15,193 shares at $26.33/share = ~$400,033.
- Net shares received: ~19,529 shares delivered to the reporting person.
- Transaction codes: M = conversion/exercise of derivative (RSU → shares); F = shares withheld to satisfy tax withholding.
- Notable footnotes: Vesting/grant background listed (grants from 2023–2026, including grants on Feb 13, 2023; Feb 12, 2024; Feb 10, 2025; Feb 17, 2026). The filing notes no open-market sales — shares were only transferred to the issuer to satisfy tax withholding.
Context
- This was RSU vesting with a cashless tax-withholding mechanism — common for executive equity compensation. It is not an open-market sale or a separate purchase; the insider received shares upon vesting and the company withheld shares to cover taxes.
- Such vesting events reflect previously granted compensation rather than fresh buy/sell decisions; they are informative about equity realized but do not necessarily signal a change in the insider’s view on the stock.
Insider Transaction Report
Form 4
DraftKings Inc.DKNG
Dodge R Stanton
Chief Legal Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+11,030→ 547,759 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−4,826$127,069→ 542,933 total - Exercise/Conversion
Class A Common Stock
[F2]2026-06-01+4,824→ 547,757 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−2,111$55,583→ 545,646 total - Exercise/Conversion
Class A Common Stock
[F3]2026-06-01+4,998→ 550,644 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−2,187$57,584→ 548,457 total - Exercise/Conversion
Class A Common Stock
[F4]2026-06-01+12,394→ 560,851 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−5,423$142,788→ 555,428 total - Exercise/Conversion
Class A Common Stock
[F5]2026-06-01+1,476→ 556,904 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−646$17,009→ 556,258 total - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-06-01−11,030→ 33,088 total→ Class A Common Stock (11,030 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7]2026-06-01−4,824→ 33,774 total→ Class A Common Stock (4,824 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F8]2026-06-01−4,998→ 54,973 total→ Class A Common Stock (4,998 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F9]2026-06-01−12,394→ 185,923 total→ Class A Common Stock (12,394 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F10]2026-06-01−1,476→ 13,280 total→ Class A Common Stock (1,476 underlying)
Footnotes (10)
- [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 11,030 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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.
- [F10]On February 17, 2026, the Reporting Person was granted 17,707 RSUs vesting monthly over one (1) year from March 1, 2026.
- [F2]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,824 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,111 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.
- [F3]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,998 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,187 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.
- [F4]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 12,394 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,423 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.
- [F5]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,476 shares of Class A Common Stock underlying the RSUs listed in Table II, and 646 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.
- [F6]On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs.
- [F7]On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024.
- [F8]On February 10, 2025, the Reporting Person was granted 79,961 RSUs vesting quarterly over four (4) years from March 1, 2025.
- [F9]On February 17, 2026, the Reporting Person was granted 198,317 RSUs vesting quarterly over four (4) years from March 1, 2026.
Signature
/s/ Faisal Hasan, attorney-in-fact|2026-06-02