Moore Jocelyn 4
Research Summary
AI-generated summary
DraftKings (DKNG) Director Jocelyn Moore Sells 2,150 Shares
What Happened
Jocelyn Moore, a director of DraftKings Inc. (DKNG), sold 2,150 shares of the company’s Class A common stock on March 13, 2026. The shares were disposed at $25.60 per share, generating proceeds of approximately $55,040. The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan, which typically schedules transactions in advance.
Key Details
- Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-16)
- Transaction type/code: Sale (S) — open market or private sale
- Price: $25.60 per share; total proceeds ≈ $55,040
- Shares reported transferred to the reporting person: 870 shares moved from The Mustard Seed Living Trust (previously reported as indirectly held) to Jocelyn Moore directly; this transfer involved no purchase or sale.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — sale executed under a 10b5-1 plan adopted Dec 12, 2025; F2 — internal transfer of 870 shares from a revocable trust to Ms. Moore (no sale/purchase).
- Timeliness: Filing was submitted on 2026-03-16 for the 2026-03-13 transaction; no late filing flag noted.
Context
This was a sale (not a purchase), and because it was executed under a pre-arranged 10b5-1 plan, it is generally considered routine and does not by itself indicate a change in the director’s view of the company. The trust-to-individual transfer simply changed how some shares are held (indirect to direct) and did not involve market activity.