03/03/2026 | Press release | Distributed by Public on 03/03/2026 18:38
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 02/27/2026 | A | 4,229 | (8) | (8) | Class A Common Stock | 4,229 | $ 0 | 4,229 | D | ||||
| Restricted Stock Units | (1) | 02/27/2026 | M | 4,229 | (8) | (8) | Class A Common Stock | 4,229 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (2) | 03/01/2026 | M | 2,745 | (9) | (9) | Class A Common Stock | 2,745 | $ 0 | 27,452 | D | ||||
| Restricted Stock Units | (3) | 03/01/2026 | M | 932 | (10) | (10) | Class A Common Stock | 932 | $ 0 | 11,176 | D | ||||
| Restricted Stock Units | (4) | 03/01/2026 | M | 139 | (11) | (11) | Class A Common Stock | 139 | $ 0 | 1,673 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Bradbury Erik C/O DRAFTKINGS INC. 222 BERKELEY STREET, 5TH FLOOR BOSTON, MA 02116 |
Chief Accounting Officer | |||
| /s/ Faisal Hasan, attorney-in-fact | 03/03/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | 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 4,229 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,960 shares of Class A Common Stock withheld by the Issuer. |
| (2) | 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 2,745 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,273 shares of Class A Common Stock withheld by the Issuer. |
| (3) | 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 932 shares of Class A Common Stock underlying the RSUs listed in Table II, and 432 shares of Class A Common Stock withheld by the Issuer. |
| (4) | 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 139 shares of Class A Common Stock underlying the RSUs listed in Table II, and 65 shares of Class A Common Stock withheld by the Issuer. |
| (5) | The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 10, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. |
| (6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.57 to $24.55, 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 6 and 7 to this Form 4. |
| (7) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.57 to $24.88, inclusive. See the last sentence of footnote 6 to this Form 4 above. |
| (8) | The RSUs were granted and became fully vested on February 27, 2026. |
| (9) | On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024. |
| (10) | On February 11, 2025, the Reporting Person was granted 14,901 RSUs vesting quarterly over four (4) years from March 1, 2025. |
| (11) | On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025. |