Form 4: DraftKings CFO Alan Wayne Ellingson Reports Stock Transactions

DraftKings' Chief Financial Officer, Alan Wayne Ellingson, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On February 1, 2025, DraftKings CFO Alan Wayne Ellingson reported transactions involving Class A Common Stock.
• Ellingson vested 4,311 Restricted Stock Units (RSUs), which converted into Class A Common Stock.
• 1,427 shares of Class A Common Stock were withheld by the issuer to satisfy tax obligations at a price of $41.95 per share.
• Following these transactions, Ellingson directly owns 23,273 shares of Class A Common Stock.
• Ellingson also directly owns 56,032 derivative securities in the form of Restricted Stock Units.
• The RSUs vest quarterly over four years from May 1, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency.

Key Dates

Keywords

Form 4, DraftKings, DKNG, Ellingson, CFO, Stock, RSU, Restricted Stock Units, Beneficial Ownership