Levin Woodrow 4
4 · DraftKings Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) Director Levin Woodrow Receives RSU Award (460 shares)
What Happened
Levin Woodrow, a director of DraftKings Inc. (DKNG), was awarded 460 restricted stock units (RSUs) that became fully vested on February 10, 2026. The grant is recorded at $0.00 per share (total value $0 in the filing) and the Form 4 also shows corresponding exercise/conversion entries at $0.00. Per the filing footnotes, each RSU represents a contingent right to one share of Class A Common Stock and no shares were transferred or sold upon vesting.
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (appears timely).
- Transactions reported: Award/grant of 460 RSUs (code A) at $0.00; exercise/conversion entries for 460 RSUs (code M) at $0.00.
- Price/value: $0.00 per unit (RSUs issued in lieu of quarterly cash retainer).
- Shares owned after transaction: not specified in the provided filing details.
- Relevant footnotes: F1–F4 state the RSUs vesting, that each RSU equals one Class A share, RSUs issued in lieu of a cash retainer, and that no shares were transferred/sold upon vesting.
Context
RSU awards issued in lieu of cash retainers are a routine form of director compensation and do not involve an open-market purchase or sale. The filing shows conversion/settlement activity for the RSUs but explicitly notes no shares were transferred or sold at vesting, so this does not indicate a sale or a market signal.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-10+460→ 58,492 total - Award
Restricted Stock Units
[F1][F2][F3][F4]2026-02-10+460→ 460 total→ Class A Common Stock (460 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3][F4]2026-02-10−460→ 0 total→ Class A Common Stock (460 underlying)
- 10(indirect: By LLC)
Class A Common Stock
- 44,616(indirect: By Trust)
Class A Common Stock
Footnotes (4)
- [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
- [F4]The RSUs were granted and became fully vested on February 10, 2026