Kalish Matthew 4

What Happened

• Matthew Kalish, President, DraftKings North America, had restricted stock units (RSUs) vest on Feb 13, 2026. The filing shows 51,464 shares were delivered to him (reported as an acquisition) and 22,273 shares were withheld by the issuer to satisfy tax withholding (reported as a disposition) at $21.76 per share, generating $484,660.
• Footnotes indicate each RSU is a contingent right to one share and that the RSUs vested upon achievement of performance goals. Combining the delivered and withheld shares implies a total of 73,737 RSUs vested (51,464 net to Kalish + 22,273 withheld). This is an award/vesting event rather than an open‑market purchase or voluntary sale.

Key Details

• Transaction date: 2026-02-13; Form filed: 2026-02-18 (timely given the Feb 16 federal holiday).
• Awarded/vested: implied total 73,737 RSUs; net delivered to insider: 51,464 shares.
• Withholding: 22,273 shares withheld to satisfy tax liability at $21.76/share → $484,660 withheld.
• Footnotes: F1 = 1 RSU = 1 share; F2 = vesting tied to performance goals; withholding done by issuer (common for RSU vesting).
• Shares owned after transaction: not specified in the provided excerpt of the Form 4 (see full filing for total holdings).

Context

• This was a vesting/award event (not a market buy); the withheld shares represent tax withholding, a routine administrative step and not necessarily a market sell decision by the insider.
• For retail investors, awards and vesting signal compensation outcomes and alignment with performance goals, but do not carry the same immediate interpretive weight as open‑market purchases by insiders.