Kalish Matthew 4

What Happened

• Matthew Kalish, President — DraftKings, North America, exercised stock options (transaction code M) on 2026-03-09 to acquire 273,488 Class A shares at an exercise price of $3.29 per share, for an aggregate exercise price of $899,776. The Form 4 also shows the related derivative instrument was converted/disposed in the exercise (reported at $0.00).

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-10 (appears timely).
• Exercise price: $3.29 per share; shares acquired: 273,488; aggregate exercise cost: $899,776.
• Footnote F1: Kalish paid the exercise price and tax withholding in cash (not a cashless/sell-to-cover exercise).
• Footnote F2: These options were granted May 3, 2018 and, as of the filing, the remaining options had vested.
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context

• This was an option exercise (conversion of derivative into common stock), not an open‑market sale; because tax withholding was paid in cash, no shares were reported sold to cover taxes. Insider exercises can simply reflect option vesting and personal tax/exercise planning; they are informative but do not by themselves prove a change in the insider’s view on company prospects.