Dodge R Stanton 4

What Happened

• Dodge R. Stanton, Chief Legal Officer of DraftKings (DKNG), had 1,475 restricted stock units (RSUs) vest on July 1, 2026. Of those, 646 shares were withheld by the issuer to satisfy tax withholding at an effective price of $25.77 per share (total $16,647). The reporting person received the net 829 shares.
• The filing shows the RSU vesting recorded as a derivative conversion (transaction code M) and the withholding as a tax payment/disposition (transaction code F). This is an award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely).
• Shares vesting: 1,475 RSUs; shares withheld for taxes: 646 at $25.77 each = $16,647; net shares delivered to insider: 829.
• Footnote: Each RSU represents a contingent right to one share. The filing notes no shares were sold to third parties—only withholding to the issuer to cover taxes.
• Related grant: On Feb 17, 2026 the Reporting Person was granted 17,707 RSUs vesting monthly over one year starting Mar 1, 2026.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a routine RSU vesting and tax-withholding event (common for employee equity awards). The withholding is effectively a cashless tax payment and does not necessarily signal a change in insider sentiment.