Form 4: DraftKings Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
R. Stanton Dodge, Chief Legal Officer of DraftKings Inc., reports the vesting of restricted stock units and associated tax withholding.
Summary
- On August 9, 2024, R. Stanton Dodge, the Chief Legal Officer of DraftKings Inc., reported transactions involving Class A Common Stock.
- 14,155 Restricted Stock Units (RSUs) vested, resulting in the acquisition of an equivalent number of Class A Common Stock shares.
- 6,172 shares were withheld by the issuer to satisfy tax obligations at a price of $30.34 per share.
- Following these transactions, Dodge directly owns 260,018 shares of Class A Common Stock and 84,926 Restricted Stock Units.
- The RSUs were granted on February 9, 2022, and vest quarterly over four years.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| 2022-02-09 | Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years |
| 2024-08-09 | Date of earliest transaction: vesting of RSUs and tax withholding. |
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