Wendt Gregory Westin 4

What Happened

• Gregory Wendt Westin, a director of DraftKings Inc. (DKNG), was granted 345 restricted stock units (RSUs) that vested on February 10, 2026. The award was issued in lieu of a quarterly cash retainer and is recorded at $0.00 per RSU (total $0). The filing shows conversion/exercise entries related to the derivative (RSU) but a footnote clarifies no Class A shares were transferred or sold upon vesting.

Key Details

• Transaction date: February 10, 2026.
• Transactions reported: RSU grant (code A) 345 @ $0.00 (acquired); exercise/conversion entries (code M) recorded for 345 shares (acquired and a subsequent M line marked disposed at $0.00) — footnotes clarify vesting/settlement details.
• Footnotes: F1 — no Class A shares were transferred or sold upon RSU vesting; F2 — each RSU equals a contingent right to one share; F3 — RSUs granted in lieu of quarterly cash retainer; F4 — RSUs granted and fully vested on Feb 10, 2026.
• Shares owned after transaction: the provided excerpt does not show a change in transferred shares; filing footnote indicates no shares were transferred/sold on vesting.
• Filing timeliness: no indication in the provided data that the filing was late.

Context

• RSUs are a form of equity compensation representing a contingent right to receive shares; when they vest they may be settled in stock or cash depending on company practice. Here the company awarded RSUs in lieu of cash and they vested the same day; the filing indicates no actual transfer/sale of Class A shares on vesting, so this is a compensation award event rather than an open-market buy or sale.