MURRAY STEVEN JOSEPH 4

What Happened

• Steven Joseph Murray, a director of DraftKings, received a grant of 760 restricted stock units (RSUs) that were granted and became fully vested on February 10, 2026. The RSUs were issued in lieu of a quarterly cash retainer and were granted at $0. The Form 4 shows related derivative conversion/settlement entries for 760 shares (exercise/conversion entries) with no cash proceeds reported; footnotes state no shares were transferred or sold upon vesting.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (appears timely).
• Reported entries: A (award/grant) — 760 RSUs @ $0.00 (acquired); M (exercise/conversion) — 760 shares (acquired); M (exercise/conversion) — 760 shares (disposed) @ $0.00.
• Footnotes: F1 — no shares transferred/sold on vesting; F2 — each RSU = right to one Class A share; F3 — RSUs issued instead of quarterly cash retainer; F4 — RSUs were granted and fully vested on Feb 10, 2026.
• Shares owned after transaction: not stated in the provided filing excerpts.
• No 10b5-1 plan, tax-withholding shares, or sale proceeds are reported in the supplied notes.

Context

• RSUs are compensation: they represent a contingent right to receive company stock and are commonly used to pay directors or executives. This filing reflects compensation granted and vested (not an open‑market buy or sell). The conversion/settlement entries and $0 proceeds reflect the mechanics of converting RSUs to an ownership right; per the footnotes, there was no transfer or sale of shares on vesting. As a routine director retainer payment, this is generally a non‑market signal rather than a straightforward bullish or bearish trade.