Form 4: DraftKings Director Jocelyn Moore Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jocelyn Moore reports acquisition and disposal of DraftKings Class A Common Stock and Restricted Stock Units (RSUs) on November 7, 2024.
Summary
- Jocelyn Moore, a director of DraftKings Inc., filed a Form 4 detailing changes in beneficial ownership.
- On November 7, 2024, Moore acquired 432 shares of Class A Common Stock and disposed of 432 shares related to Restricted Stock Units (RSUs).
- The RSUs were granted in lieu of a quarterly cash retainer and became fully vested on the grant date.
- Following these transactions, Moore directly owns 432 shares of Class A Common Stock and indirectly owns 29,860 shares through The Mustard Seed Living Trust.
- Moore also directly owns 0 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of transaction: Acquisition and disposal of Class A Common Stock and RSUs. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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