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 April 1, 2025, R. Stanton Dodge, the Chief Legal Officer of DraftKings Inc., reported transactions involving Class A Common Stock.
- 808 Restricted Stock Units (RSUs) vested, resulting in the acquisition of 808 shares of Class A Common Stock.
- 354 shares were withheld by the Issuer to satisfy withholding taxes.
- Following these transactions, Dodge directly owns 654,297 shares of Class A Common Stock and 8,884 Restricted Stock Units.
- The RSUs vest monthly over one year from March 1, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory 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 transaction affects the beneficial ownership of DraftKings' stock, which is relevant to shareholders.
Key Dates
| Date | Description |
|---|---|
| February 10, 2025 | Reporting Person was granted 9,692 RSUs vesting monthly over one (1) year from March 1, 2025. |
| March 1, 2025 | Start date for monthly vesting of 9,692 RSUs granted on February 10, 2025. |
| April 1, 2025 | Date of transaction: 808 RSUs vested and shares were withheld for taxes. |
| April 3, 2025 | Date of Form 4 filing. |
Keywords
DraftKings, DKNG, Form 4, R. Stanton Dodge, Chief Legal Officer, Restricted Stock Units, RSUs, Beneficial Ownership, Class A Common Stock, Vesting, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.