Levin Woodrow 4

What Happened
Levin Woodrow, a director of DraftKings, had 5,562 restricted stock units (RSUs) fully vest on May 12, 2026. The filing reports an "M" code (exercise/conversion of a derivative) converting the RSUs into 5,562 shares of the issuer's Class A common stock. No cash purchase price or sale proceeds are reported; the filing and footnotes state that no shares were transferred or sold upon vesting.

Key Details

• Transaction date: May 12, 2026 (period of report).
• Filing date: May 14, 2026 (filed within two business days; appears timely).
• Transaction type/code: M = exercise/conversion of derivative (RSU vesting → shares).
• Shares involved: 5,562 RSUs converted to 5,562 shares.
• Prices reported: Acquired N/A; Disposed $0.00 (derivative reporting mechanics).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs were granted Aug 5, 2025 and became fully vested May 12, 2026; each RSU represents a contingent right to one Class A share; no shares were transferred or sold upon vesting.

Context
This was a routine compensation event (RSU vesting/conversion), not an open-market purchase or sale by the insider. Such conversions typically reflect scheduled equity compensation rather than a trading signal; filings sometimes show shares withheld to cover taxes, but this filing specifically notes no shares were transferred or sold upon vesting.