Levin Woodrow 4
Research Summary
AI-generated summary
DraftKings Director Levin Woodrow Sells 34,234 Shares
What Happened
Levin Woodrow, a director of DraftKings Inc. (DKNG), sold 34,234 shares in an open-market transaction on May 18, 2026. The sale generated approximately $880,156, at a weighted-average price of $25.71 per share. This was a sale (S) rather than a purchase or award; sales are often routine insider liquidity and do not by themselves indicate company prospects.
Key Details
- Transaction date: 2026-05-18; Form 4 filed: 2026-05-19 (appears timely).
- Price: weighted average $25.71; trades ranged from $25.70 to $25.73 (footnote F1). The filer can provide a per-price breakdown on request.
- Shares sold: 34,234; total proceeds ≈ $880,156.
- Shares owned after transaction: not reported in the provided filing.
- Notable footnotes: F1 explains the reported price is a weighted average across multiple trades and offers to provide the number sold at each price on request. No 10b5‑1 plan, tax withholding, or other special conditions were disclosed in the provided excerpt.
Context
Open-market sales by directors are common for personal liquidity. Retail investors should view this as factual disclosure of a sale; without additional information (e.g., planned selling program, changes in holdings, or company-specific developments), it should not be taken alone as a signal about DraftKings’ fundamentals.