DraftKings (DKNG) Director Jocelyn Moore Sells 10,759 Shares

What Happened
Jocelyn Moore, a director of DraftKings Inc. (DKNG), sold 10,759 shares of the company's Class A common stock on 2026-08-19 at $24.05 per share, generating proceeds of about $258,754. The sale was reported on Form 4 filed 2026-08-20.

Key Details

• Transaction date and price: 2026-08-19, 10,759 shares at $24.05 each (total ≈ $258,754).
• Transaction type: Sale (S) executed pursuant to a pre-arranged Rule 10b5-1 plan (adopted May 20, 2026).
• Shares owned after transaction: Not specified in the filing.
• Related transfer: Footnote reports a separate non‑sale transfer of 5,672 shares from The Mustard Seed Living Trust (previously reported as indirectly held) to Moore directly; no purchase or sale occurred in that transfer.
• Filing timeliness: Report filed the next day (2026-08-20); appears timely.

Context
The sale was executed under a 10b5-1 trading plan, which is a pre-arranged program that allows insiders to sell shares at scheduled times and is commonly used to avoid trading on nonpublic information. Sales under such plans are generally considered routine disclosures rather than a direct signal of management sentiment. The transfer from the trust to Moore was an internal reclassification of ownership, not a market transaction.