Ellingson Alan Wayne 4

4 · DraftKings Inc. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

DraftKings (DKNG) CFO Alan Ellingson Receives RSU Vesting & Grant

What Happened

Alan Ellingson, Chief Financial Officer of DraftKings Inc. (DKNG), had RSUs vest and received the net shares, and was granted a new RSU award. On Feb 13, 2026, 24,965 restricted stock units (RSUs) vested; the issuer withheld 7,338 shares to satisfy tax withholding at $21.76 per share (withheld value $159,675). On Feb 17, 2026, Ellingson was granted 318,725 new RSUs (derivative award) that vest quarterly over four years beginning March 1, 2026.
These transactions are compensation-related (awards/vesting) rather than open-market purchases or discretionary sales. The only disposition recorded was the withholding of shares to cover taxes.

Key Details

Transaction dates and amounts:
- Feb 13, 2026 — RSU vesting: 24,965 underlying shares acquired (net delivered).
- Feb 13, 2026 — Tax withholding: 7,338 shares disposed at $21.76 each (withheld value $159,675).
- Feb 17, 2026 — Grant: 318,725 RSUs @ $0 (derivative award), vesting quarterly over 4 years from Mar 1, 2026.
Shares owned after the transactions: not specified in the filing.
Footnotes from the filing:
- F1: Each RSU represents a contingent right to one share of Class A common stock.
- F2: The 24,965 RSUs vested upon achievement of performance goals; only withholding shares were transferred to the issuer to satisfy taxes, the reporting person received the net shares.
- F3: The 318,725 RSUs vest quarterly over four years starting March 1, 2026.
Filing timeliness: Report filed Feb 18, 2026 covering transactions on Feb 13 and Feb 17, 2026 — filed within the SEC Form 4 reporting window (timely).

Context

RSU vesting and subsequent withholding for taxes is a routine compensation event and does not necessarily indicate a buy/sell signal by the insider. The new 318,725 RSU grant is a long-term compensation award that vests over four years and is a derivative (contingent) right to future shares.

Form 4

Period: 2026-02-13

Chief Financial Officer

Transactions

Award
Class A Common Stock
[F1][F2]
2026-02-13+24,965→ 159,825 total
Tax Payment
Class A Common Stock
2026-02-13$21.76/sh−7,338$159,675→ 152,487 total
Award
Restricted Stock Units
[F1][F3]
2026-02-17+318,725→ 318,725 total
→ Class A Common Stock (318,725 underlying)

Footnotes (3)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F2]Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 24,965 shares of Class A Common Stock underlying the RSUs listed in Table I, and 7,338 shares of Class A Common Stock withheld by the Issuer.
[F3]On February 17, 2026, the Reporting Person was granted 318,725 RSUs vesting quarterly over four (4) years from March 1, 2026.

Signature

/s/ Faisal Hasan, attorney-in-fact|2026-02-18

1 file