Dodge R Stanton's Form 4 filing
DraftKings Inc. (DKNG) · filed Feb 24, 2025
- Accession no.
- 0001104659-25-016650
- Filed
- Feb 24, 2025
- Trade date
- Feb 20-22, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 7 non-derivative transactions and 1 derivative transaction. Open-market sales total $7.74M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Dodge R StantonCIK 0001404430 | Officer (Chief Legal Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 20, 2025 | Class A Common Stock | AGrant or awardAcquired | +360,070 | $0.00F1,F2 | $0 | 913,096 | Direct | |
| Feb 21, 2025 | Class A Common Stock | SSaleDisposed | −64,735 | $45.90F4 | −$2,971,336.5 | 848,361 | Direct | |
| Feb 21, 2025 | Class A Common Stock | SSaleDisposed | −32,618 | $47.10F5 | −$1,536,307.8 | 815,743 | Direct | |
| Feb 21, 2025 | Class A Common Stock | SSaleDisposed | −50,860 | $47.86F6 | −$2,434,159.6 | 764,883 | Direct | |
| Feb 21, 2025 | Class A Common Stock | SSaleDisposed | −16,260 | $48.99F7 | −$796,577.4 | 748,623 | Direct | |
| Feb 22, 2025 | Class A Common Stock | MOption exerciseAcquired | +2,446 | –F2,F8 | – | 751,069 | Direct | |
| Feb 22, 2025 | Class A Common Stock | FTax withholdingDisposed | −1,071 | $45.57 | −$48,805.47 | 749,998 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 22, 2025 | Class A Common Stock | MOption exerciseDisposed | −2,446 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals.
Referenced by the price of 1 transaction in Table I.
- F2
Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Referenced by the price of 2 transactions in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.57 to $46.56, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4, 5, 6 and 7 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.57 to $47.56, inclusive. See the last sentence of footnote 4 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.57 to $48.53, inclusive. See the last sentence of footnote 4 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.57 to $49.46, inclusive. See the last sentence of footnote 4 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F8
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 2,446 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,071 shares of Class A Common Stock withheld by the Issuer.
Referenced by the price of 1 transaction in Table I.