Kalish Matthew 4

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.