WALDEN MARNI M 4

What Happened
Marni Walden, a director of DraftKings Inc. (DKNG), had 5,562 restricted stock units (RSUs) convert into shares on May 12, 2026. The Form 4 reports an "exercise or conversion of derivative" (code M) for 5,562 shares (acquired) and a corresponding derivative disposition of 5,562 shares at $0.00. Footnotes clarify that no shares of Class A common stock were transferred or sold upon vesting.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely filing).
• Reported activity: Conversion of 5,562 RSUs into shares (code M). Acquisition price shown as N/A; the disposition line shows $0.00.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes: (F1) No shares were transferred or sold upon vesting; (F2) Each RSU equals one share of Class A common stock; (F3) RSUs were granted Aug 5, 2025 and became fully vested May 12, 2026.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided data.

Context
This is an equity award vesting event (RSU conversion), which is not a purchase or market sale by the insider. For retail investors, vesting/awards are routine compensation events and do not by themselves indicate buying or selling intent. The filing shows both the conversion and a $0 disposition entry—footnotes explicitly state that no shares were sold or transferred on vesting, so interpret this as a vesting/settlement reporting detail rather than an open‑market sale.