Ellingson Alan Wayne 4

What Happened
Alan Wayne Ellingson, Chief Financial Officer of DraftKings (DKNG), had restricted stock units (RSUs) convert into shares on Feb 1, 2026. He received a net 4,310 shares of Class A common stock; the issuer withheld 1,494 shares to satisfy tax withholding obligations, valued at $27.51 per share for a withholding value of $41,100. This was a vesting/conversion of RSUs (not an open‑market purchase or sale).

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (timely filing).
• Conversion/vesting: 4,310 shares delivered to Ellingson (net).
• Tax withholding: 1,494 shares withheld at $27.51 each = $41,100 (reported as disposition for tax withholding).
• Footnotes: The shares came from RSUs granted May 1, 2024 (68,963 RSUs granted, vesting quarterly over four years). No shares were sold on the open market—only shares were withheld by the issuer to cover taxes.
• Shares owned after the transaction: not specified in the excerpt; see the full Form 4 for total holdings.

Context
This transaction reflects routine RSU vesting and tax withholding (a common cashless-withholding method) rather than a market sale or purchase. For retail investors, such award vesting is not a directional buy/sell signal—tax-withheld shares are reported as dispositions but do not indicate an open-market sale.