Form 4: DraftKings CFO Jason Park Reports Stock Transactions
SEC Form 4 Filing
DraftKings' Chief Financial Officer, Jason Park, reported the vesting of restricted stock units and subsequent tax withholding by the issuer.
Summary
- On April 23, 2024, DraftKings' CFO Jason Park reported transactions involving Class A Common Stock.
- 4,635 shares were acquired through the vesting of restricted stock units (RSUs).
- 2,242 shares were withheld by the issuer to satisfy withholding taxes at a price of $41.21 per share.
- Following these transactions, Park directly owns 334,725 shares of Class A Common Stock.
- The RSUs were granted on August 11, 2020, and vest quarterly over four years from April 23, 2020.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 08/11/2020 | Reporting Person was granted 74,158 RSUs vesting quarterly over 4 years from April 23, 2020 |
| 04/23/2020 | Start date for quarterly vesting of RSUs |
| 04/23/2024 | Date of RSU vesting and stock transactions |
| 04/24/2024 | Date of signature on the Form 4 filing |
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