DraftKings (DKNG) CLO Dodge Stanton Receives 1,476 RSU Shares

What Happened

• Dodge R. Stanton, Chief Legal Officer of DraftKings (DKNG), had 1,476 restricted stock units (RSUs convert/vest) on August 1, 2026. The issuer issued 1,476 shares on vesting and withheld 646 shares to satisfy tax withholding (reported value $23.48 per share; withheld value $15,168). Net shares delivered to Stanton were 830 shares (approximately $19,488 at $23.48/share).

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026.
• Reported price for tax withholding: $23.48 per share; withheld 646 shares = $15,168.
• Shares issued on vesting: 1,476 shares; net received after withholding: 830 shares (~$19,488 at $23.48).
• Shares owned after the transaction: not specified in the filing.
• Footnote: These shares stem from RSUs. Footnote F1 explains no shares were sold on the open market—the issuer withheld shares to cover taxes. Footnote F2 notes the RSUs were part of a Feb 17, 2026 grant of 17,707 RSUs vesting monthly over one year starting March 1, 2026.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for tax withholding.

Context

• This was a routine RSU vesting with cashless tax withholding (issuer retained shares to pay taxes)—common for employee awards and not the same as an open-market sale or buy. No purchase was made; the transaction reflects compensation being settled in stock. The filing does not state any 10b5-1 plan or other trading arrangement.