Ellingson Alan Wayne 4

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.