Dodge R Stanton 4

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.