DraftKings (DKNG) CLO Dodge Stanton Receives 19,528 Shares from RSU Vesting

What Happened

• Dodge R. Stanton, Chief Legal Officer of DraftKings (DKNG), had multiple restricted stock units (RSUs) convert into common shares on September 1, 2026. A total of 34,721 RSUs vested/converted; 15,193 shares were withheld by the issuer to satisfy tax withholding (disposed) at $23.44/share (total withheld value reported as $356,123), leaving a net 19,528 shares delivered to Stanton.
• The filing lists the conversion/derivative entries (code M) for the gross vested RSUs and withholding/tax-payment entries (code F) for the shares retained by DraftKings to cover taxes. The derivative conversion lines show $0 disposition value because they reflect the conversion of RSUs to shares; the cash value relates to the withheld shares only.

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 3, 2026 (filed within the normal 2-business-day window).
• Withholding price: $23.44 per share for tax withholding; total withholding value ≈ $356,123.
• Gross RSUs converted: 34,721; shares withheld for taxes: 15,193; net shares received: 19,528.
• Notable footnotes: Vesting relates to several RSU grants (including grants dated Feb 13, 2023; Feb 12, 2024; Feb 10, 2025; and Feb 17, 2026). The issuer withheld shares only to satisfy tax liabilities (no open-market sale reported).
• Shares owned after the transaction: not stated in this filing.

Context

• This was an RSU vesting/net-share settlement event (award conversion), not an open-market purchase or discretionary sale. Withholding of shares to cover taxes is routine and does not necessarily indicate a directional view by the insider.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion in this case); F = payment of exercise price or tax liability (share withholding).