Form 4: DraftKings CEO Gifts Shares to Non-Profit

DraftKings CEO and Chairman Jason Robins reported a gift of 13,720 Class A Common Stock shares to a non-profit organization.

Summary

• Jason Robins, the Chief Executive Officer and Chairman of the Board of DraftKings Inc., reported a transaction involving the company's Class A Common Stock.
• On November 20, 2025, Robins made a bona fide gift of 13,720 shares of Class A Common Stock to a non-profit organization.
• This transaction was a disposition (G code) with a price of $0 per share, indicating no purchase or sale occurred.
• Following this gift, Jason Robins directly beneficially owns 3,502,051 shares of Class A Common Stock.
• Additionally, 90 shares of Class A Common Stock are indirectly beneficially owned, held by the Jason Robins Revocable Trust u/d/t January 8, 2014.
• Robins also holds 393,013,951 shares of Class B Common Stock, which are not registered securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it represents a reduction in direct insider ownership, it is a charitable gift, which is generally viewed favorably from an ethical and social responsibility standpoint. It does not indicate any negative operational or financial issues for the company.

Positives

• The transaction represents a charitable contribution by the CEO, which can be viewed positively from a corporate social responsibility perspective.

Negatives

• A reduction in direct beneficial ownership of Class A Common Stock by a key executive, though for a charitable purpose and a small percentage of total holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Jason Robins, in his capacity as Chief Executive Officer and Chairman of the Board, executed a bona fide gift of Class A Common Stock to a non-profit organization.

Industry Context

This is a routine insider transaction, common for executives to manage personal holdings, including charitable giving. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The impact on shareholders is negligible, as the number of shares gifted is a very small fraction of the company's total outstanding shares and the CEO's overall holdings.
• Non-profit organization: The recipient non-profit organization benefits directly from the gift of shares.

Key Dates

Keywords

DraftKings, DKNG, Jason Robins, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, CEO, Chairman