Form 4: DraftKings Director Harry Sloan Gifts 100,000 Shares of Class A Common Stock
SEC Form 4 Filing
Director Harry Sloan gifted 100,000 shares of DraftKings Class A Common Stock to The Landmark South Dakota Trust UAD 11/20/14.
Summary
- On February 19, 2025, Harry Sloan, a director of DraftKings Inc., gifted 100,000 shares of Class A Common Stock.
- The shares were gifted to The Landmark South Dakota Trust UAD 11/20/14.
- Sloan does not have a reportable beneficial interest in the trust.
- The transaction did not involve a purchase or sale of shares.
- Following the transaction, Sloan directly owns 216,638 shares of DraftKings Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider transactions and are publicly disclosed to ensure transparency in the market.
Stakeholder Impact
- The gift of shares by a director could be perceived neutrally by stakeholders as it doesn't involve a sale or purchase that would directly impact the market.
Key Dates
| Date | Description |
|---|---|
| 11/20/2014 | Date of The Landmark South Dakota Trust UAD |
| 02/19/2025 | Date of the gift transaction of 100,000 shares of Class A Common Stock |
| 02/21/2025 | Date of signature on the Form 4 filing |
Keywords
DraftKings, Harry Sloan, Class A Common Stock, Gift, Director, Beneficial Ownership, Form 4
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