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DraftKings Inc.·4

Jun 2, 5:49 PM ET

Robins Jason 4

4 · DraftKings Inc. · Filed Jun 2, 2026

Research Summary

AI-generated summary of this filing

Updated

DraftKings CEO Jason Robins Receives 65,369 Shares via RSU Vesting

What happened

  • Jason Robins, Chief Executive Officer and Chairman of DraftKings (DKNG), had RSUs vest on June 1, 2026. A total of 126,566 Class A shares vested across four RSU tranches; the issuer withheld 61,197 shares to satisfy tax withholding, leaving Robins with a net 65,369 newly issued Class A shares.
  • The issuer withheld 61,197 shares valued at $26.33 per share, totaling $1,611,318 to cover withholding taxes. The filing reports conversion/vesting entries (transaction code M) and withholding/tax payment entries (transaction code F).

Key details

  • Transaction date: June 1, 2026; Form 4 filed June 2, 2026 (timely).
  • Shares vested (gross): 126,566 Class A shares (broken into 37,500; 16,404; 14,008; 58,654).
  • Shares withheld for taxes: 61,197 shares at $26.33/sh = $1,611,318.
  • Net shares received by Robins: 65,369 Class A shares.
  • Footnotes: Each RSU converts to one Class A share. The withheld shares were surrendered to the issuer solely to satisfy withholding taxes (no open-market sale).
  • Related grants: RSU awards referenced from 2023–2026 (grants on 2/13/2023, 2/12/2024, 2/10/2025, 2/17/2026 vesting quarterly over four years).
  • Post-transaction holdings: Robins is also the sole holder of 393,013,951 Class B shares (unregistered). The filing documents an increase in Class A holdings by 65,369 shares.

Context

  • This was a routine RSU vesting event, not an open-market buy or sell. The use of shares withheld to cover taxes is common and does not necessarily indicate a change in insider sentiment.
  • Transaction codes: M = exercise/conversion of a derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).

Insider Transaction Report

Form 4
Period: 2026-06-01
DraftKings Inc.DKNG
Robins Jason
DirectorSee Remarks
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+37,500→ 3,646,239 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−18,132$477,416→ 3,628,107 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-06-01+16,404→ 3,644,511 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−7,932$208,850→ 3,636,579 total
  • Exercise/Conversion

    Class A Common Stock

    [F3]
    2026-06-01+14,008→ 3,650,587 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−6,773$178,333→ 3,643,814 total
  • Exercise/Conversion

    Class A Common Stock

    [F4]
    2026-06-01+58,654→ 3,702,468 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−28,360$746,719→ 3,674,108 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-06-01−37,500→ 112,500 total
    → Class A Common Stock (37,500 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-06-01−16,404→ 114,829 total
    → Class A Common Stock (16,404 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F7]
    2026-06-01−14,008→ 154,092 total
    → Class A Common Stock (14,008 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F8]
    2026-06-01−58,654→ 879,814 total
    → Class A Common Stock (58,654 underlying)
Holdings

  • Class A Common Stock

    (indirect: By Trust)
    90
Footnotes (8)
  • [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F2]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 16,404 shares of Class A Common Stock underlying the RSUs listed in Table II, and 7,932 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F3]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 14,008 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,773 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F4]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 58,654 shares of Class A Common Stock underlying the RSUs listed in Table II, and 28,360 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F5]On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.
  • [F6]On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 2024.
  • [F7]On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.
  • [F8]On February 17, 2026, the Reporting Person was granted 938,468 RSUs vesting quarterly over four (4) years from March 1, 2026.
Signature
/s/ Faisal Hasan, attorney-in-fact|2026-06-02

Documents

1 file
  • 4
    wk-form4_1780436990.xmlPrimary

    FORM 4