Bradbury Erik 4
4 · DraftKings Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) CAO Erik Bradbury Sells 7,268 Shares
What Happened
Erik Bradbury, Chief Accounting Officer of DraftKings, sold 7,268 shares of DraftKings Class A common stock on February 19, 2026. The sales produced approximately $163,530 in proceeds at a weighted average price of $22.50 per share (individual executions ranged $22.32–$22.97). This was a sale (not a purchase); the filing indicates the transactions were made under a pre‑arranged Rule 10b5‑1 plan.
Key Details
- Transaction date: 2026-02-19. Report filed: 2026-02-20 (timely).
- Shares sold: 7,268; weighted average price reported: $22.50; total proceeds: $163,530. Range of execution prices: $22.32–$22.97.
- Shares owned after transaction: Not reported in the portions provided in this summary.
- Notable footnotes: Sale was made pursuant to a 10b5‑1 trading plan adopted Nov 10, 2025 (pre‑arranged). The filing notes the reported price is a weighted average and that full breakdown of shares sold at each price is available on request.
- Filing timeliness: Filed the day after the transaction (within Form 4 timing requirements), so not indicated as late.
Context
Sales executed under 10b5‑1 plans are pre‑planned and often routine, designed to avoid trading based on material nonpublic information; they do not necessarily signal a change in insider sentiment. For retail investors, purchases typically carry more direct informational weight than routine, plan‑based sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-19$22.50/sh−7,268$163,530→ 36,736 total
Footnotes (2)
- [F1]The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 10, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.32 to $22.97, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.