Earnings Feed
Start Free
DraftKings Inc.·4

Jun 2, 5:49 PM ET

Ellingson Alan Wayne 4

4 · DraftKings Inc. · Filed Jun 2, 2026

Research Summary

AI-generated summary of this filing

Updated

DraftKings (DKNG) CFO Alan Ellingson Receives 28,103 Shares

What Happened

  • Alan Wayne Ellingson, CFO of DraftKings (DKNG), had restricted stock units (RSUs) convert to 28,103 shares of Class A common stock on 2026-06-01. To satisfy tax withholding, 13,558 of those shares were withheld by the company and treated as disposed at $26.33 per share, producing $356,982 in tax-withholding proceeds. The conversion/vesting events are reported as derivative exercises (code M) and the withholding as tax-withholding disposals (code F).

Key Details

  • Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely).
  • Net shares received (after withholding): 28,103 shares.
  • Shares withheld for taxes (disposed): 13,558 shares at $26.33 each for total proceeds of $356,982.
  • Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = tax withholding to satisfy tax liability.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Related grant footnotes: the vested RSUs trace to grants on Mar 1, 2023 (34,245 RSUs), Feb 16, 2024 (11,868 RSUs), Feb 10, 2025 (84,807 RSUs), and Feb 17, 2026 (318,725 RSUs); vesting is quarterly over four years per grant.

Context

  • This was an RSU vesting event with company withholding to cover taxes (a common "cashless" settlement), not an open-market sale or purchase. The derivative code (M) reflects the conversion of RSUs into shares; the F entries reflect shares withheld by the issuer to satisfy withholding tax obligations. Such withholding transactions are routine administrative events and do not necessarily reflect a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-06-01
DraftKings Inc.DKNG
Ellingson Alan Wayne
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+2,140→ 164,414 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−1,003$26,409→ 163,411 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-06-01+742→ 164,153 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−359$9,452→ 163,794 total
  • Exercise/Conversion

    Class A Common Stock

    [F3]
    2026-06-01+5,301→ 169,095 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−2,564$67,510→ 166,531 total
  • Exercise/Conversion

    Class A Common Stock

    [F4]
    2026-06-01+19,920→ 186,451 total
  • Tax Payment

    Class A Common Stock

    2026-06-01$26.33/sh−9,632$253,611→ 176,819 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-06-01−2,140→ 6,421 total
    → Class A Common Stock (2,140 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-06-01−742→ 5,192 total
    → Class A Common Stock (742 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F7]
    2026-06-01−5,301→ 58,305 total
    → Class A Common Stock (5,301 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F8]
    2026-06-01−19,920→ 298,805 total
    → Class A Common Stock (19,920 underlying)
Footnotes (8)
  • [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,140 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,003 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F2]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 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 359 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F3]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 5,301 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,564 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F4]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 19,920 shares of Class A Common Stock underlying the RSUs listed in Table II, and 9,632 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  • [F5]On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.
  • [F6]On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.
  • [F7]On February 10, 2025, the Reporting Person was granted 84,807 RSUs vesting quarterly over four (4) years from March 1, 2025.
  • [F8]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|2026-06-02

Documents

1 file
  • 4
    wk-form4_1780436996.xmlPrimary

    FORM 4