Robins Jason 4

What Happened Jason Robins, Chief Executive Officer and Chairman of DraftKings (DKNG), received 87,489 shares of Class A common stock upon the vesting of performance-based RSUs and had 42,301 shares withheld by the issuer to satisfy tax withholding (withheld shares valued at $21.76 each, ~$920,470). On February 17, 2026 Robins was also granted 938,468 additional RSUs (derivative award) that vest quarterly over four years beginning March 1, 2026. The withholding was a tax settlement rather than an open-market sale.

Key Details

• Transactions:
  • 2026-02-13: Vesting of 87,489 RSUs (F/A); 42,301 shares withheld to cover taxes at $21.76/share (proceeds ~$920,470).
  • 2026-02-17: Grant of 938,468 RSUs (derivative award, $0 cash price) vesting quarterly over 4 years starting 3/1/2026.
• Footnotes: Each RSU equals a contingent right to one Class A share; the 87,489 RSUs vested based on performance goals; no open-market sale occurred—shares were withheld by the issuer for taxes.
• Ownership after transactions: Received 87,489 Class A shares (net), had 42,301 shares withheld, and holds 938,468 newly granted RSUs; Robins is also the sole holder of 393,013,951 Class B shares (unregistered).
• Filing timeliness: The report covers activity dated 2/13/2026 and was filed 2/18/2026; the 2/13 vesting was reported five days later, which is later than the typical two-business-day Form 4 deadline.

Context RSU vesting and issuer withholding for taxes are common executive compensation events and do not by themselves indicate a buy or sell decision. The 2/17 grant is a multi-year RSU award (derivative) that vests over time and does not represent an immediate purchase. Robins’ large unregistered Class B stake is a separate holding and was not part of these transactions.