Robins Jason 4

What Happened

• Jason Robins, DraftKings' Chief Executive Officer and Chairman, had restricted stock units (RSUs) convert into Class A common stock on Feb 9, 2026. He received a net 38,217 shares from the vesting and the issuer withheld 11,793 shares to cover tax withholding obligations (reported value of withheld shares: 11,793 × $27.22 = $321,005). The filing shows the RSU conversion/exercise (code M) and the tax withholding (code F). No open-market sale of shares occurred — withholding shares were surrendered to the issuer to satisfy taxes.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely).
• Withheld shares: 11,793 shares at $27.22 per share = $321,005 (tax withholding).
• Net shares received: 38,217 Class A shares from RSU conversion.
• Footnotes: Issuer withheld shares only to satisfy withholding taxes; each RSU converts to one share. The RSUs originated from a Feb 9, 2022 grant of 611,468 RSUs vesting quarterly over four years.
• Ownership note: Jason Robins is also the sole holder of 393,013,951 unregistered Class B shares (separate from these Class A shares).

Context

• This was an RSU vesting event with a cashless-like tax withholding (issuer retained shares to cover taxes), not an open-market sale or purchase — common for executive equity compensation. The filing is informational and routine; it documents vesting and withholding rather than a market-direction transaction.