Bradbury Erik 4

What Happened

• Erik Bradbury, DraftKings' Chief Accounting Officer, had RSUs vest on Feb 13, 2026 and received a net 43,923 shares of Class A common stock. To cover tax withholding, 20,677 vested shares were surrendered/withheld (reported as a disposition) at $21.76 per share for proceeds of $449,932. On Feb 17, 2026 he was also granted 23,019 new RSUs that vest quarterly over four years beginning March 1, 2026.
• The 20,677-share disposition was a statutory tax-withholding event (not an open-market sale) tied to the RSU vesting; the filing shows no evidence that shares were sold in the market.

Key Details

• Vesting date / acquisition: Feb 13, 2026 — 43,923 RSUs vested (reported as acquired).
• Tax withholding / disposition: Feb 13, 2026 — 20,677 shares withheld at $21.76 = $449,932 (code F).
• Grant: Feb 17, 2026 — 23,019 RSUs granted, $0 exercise price, vesting quarterly over 4 years starting Mar 1, 2026 (derivative award).
• Footnotes: F1 — each RSU converts to one share on settlement; F2 — withholding satisfied tax liability and the Reporting Person received the net shares; F3 — new RSUs vest quarterly over four years.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Report filed Feb 18, 2026 for a Feb 13 transaction; this appears to be later than the typical 2-business-day Form 4 reporting window.

Context

• These actions are compensation-related (RSU vesting and a subsequent grant), which are routine and do not indicate an open-market buy or sell signal. The withheld/disposed shares were used solely to satisfy tax withholding rather than to realize cash via a market sale.