DraftKings (DKNG) CFO Alan Ellingson Receives RSUs; 4,310 Vest

What Happened Alan Wayne Ellingson, Chief Financial Officer of DraftKings Inc. (DKNG), had 4,310 restricted stock units (RSUs) convert into shares on August 1, 2026. Of those 4,310 shares, 2,084 shares were withheld by the issuer to satisfy tax withholding at $23.48 per share (total withholding value $48,932), leaving a net delivery of 2,226 shares to Ellingson. This was a routine RSU vesting and tax-withholding transaction — not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-01; Form filed: 2026-08-04 (filed timely).
• Vesting/conversion: 4,310 RSUs converted to 4,310 shares (reported as derivative conversion/exercise).
• Tax withholding: 2,084 shares withheld at $23.48/share for $48,932 (reported as disposition under code F).
• Net shares received by insider: 2,226 shares.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: The RSUs were granted May 1, 2024 (68,963 RSUs total) and vest quarterly over four years; withholding by the issuer satisfied tax obligations (no open-market sale).
• Transaction codes explained: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to cover taxes.

Context: This is a standard compensation event (RSU vesting) rather than a purchase or a voluntary sale. The withholding of shares to cover taxes is routine and does not by itself indicate a change in insider sentiment about the company.