DraftKings (DKNG) Director Valerie Mosley Receives 5,562 Shares

What Happened

• Valerie Mosley, a director of DraftKings Inc. (DKNG), had 5,562 restricted stock units (RSUs) convert into 5,562 shares on May 12, 2026 (transaction code M = exercise/conversion). The filing shows the shares were acquired with no cash price and no sale proceeds — the conversion was not a sale.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely).
• Shares acquired: 5,562 shares via conversion of RSUs; acquisition price reported as N/A (no cash paid).
• Disposition line shows 5,562 at $0.00 (technical reporting entry); footnote clarifies no shares were transferred or sold upon vesting.
• RSU grant date: August 5, 2025; RSUs fully vested on May 12, 2026 (per filing footnotes).
• Shares owned after the transaction: not specified in this filing.
• Transaction type: M = exercise/conversion of a derivative (here, conversion of RSUs).

Context

• These were vested RSUs converting into common stock, not an open-market purchase or sale—so this is distribution of previously granted compensation rather than a market trade. Per the filing, no shares were sold to cover taxes or otherwise on vesting. Such vesting events are common for executives and directors and are not by themselves a directional signal about the insider’s view of the stock.