Kalish Matthew 4

4 · DraftKings Inc. · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

DraftKings President Matthew Kalish Receives 28,309 RSU Shares

What Happened

Matthew Kalish, President of DraftKings North America, had RSUs vest on Feb 9, 2026. A total of 36,972 shares vested; 8,663 shares were withheld to satisfy tax withholding (valued at $27.22 each, $235,807) and Kalish received a net 28,309 shares.
This was not an open‑market sale or purchase — it was the conversion/settlement of restricted stock units (derivative/RSU vesting).

Key Details

Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely).
Withheld shares: 8,663 at $27.22 per share = $235,807 (tax withholding; transaction code F).
Net shares received: 28,309 (conversion/settlement of RSUs; transaction code M).
Total RSUs vested this tranche: 36,972 shares (28,309 delivered + 8,663 withheld).
Grant context: These RSUs stem from a Feb 9, 2022 grant of 452,940 RSUs that vest quarterly over four years (per filing footnote).
Shares owned after transaction: not specified in the filing.
Filing notes: withholding was to the issuer to cover taxes — no market sale reported.

Context

This is a routine RSU vesting and tax-withholding event, not an open-market sale or purchase. Withheld shares are common for covering tax obligations (a cashless/stock-withholding settlement) and do not necessarily indicate insider sentiment about the stock.

Form 4

Period: 2026-02-09

DirectorSee Remarks

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-02-09+28,309→ 5,801,772 total
Tax Payment
Class A Common Stock
2026-02-09$27.22/sh−8,663$235,807→ 5,793,109 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-09−28,309→ 0 total
→ Class A Common Stock (28,309 underlying)

Holdings

Footnotes (2)

[F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 8,663 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F2]On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Signature

/s/ Faisal Hasan, attorney-in-fact|2026-02-11

1 file