Moore Jocelyn 4

What Happened

• Jocelyn Moore, a director of DraftKings (DKNG), had 5,562 restricted stock units (RSUs) convert to 5,562 shares on May 12, 2026. The Form 4 records an acquisition of 5,562 shares (conversion of RSUs) and a simultaneous disposition of 5,562 shares at $0.00 (derivative code M).
• Footnotes clarify these were RSUs granted on August 5, 2025 that became fully vested on May 12, 2026, and that no shares of Class A common stock were transferred or sold upon vesting.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely, two days after the transaction).
• Reported entries: +5,562 shares acquired (conversion of RSUs); -5,562 shares disposed at $0.00 (derivative entry).
• Footnotes: F1 — no shares were transferred or sold on vesting; F2 — each RSU equals one share; F3 — RSUs granted 8/5/2025, vested 5/12/2026.
• Shares owned after the transaction: Not specified in the filing.
• Filing timeliness: Not marked late.

Context

• This was an award vesting (RSU conversion), not an open-market purchase or sale. The $0.00 disposition line appears on the Form 4 but the filing’s footnote states no sale or transfer occurred; such entries frequently reflect internal withholding/retention mechanics tied to vesting, not an open-market sale.
• For retail investors: vested awards increase insider ownership on paper but do not necessarily indicate a buy or sell decision by the insider.