Form 4: DraftKings Director Jocelyn Moore Reports Gift and Trust Transfer of Class A Common Stock

Director Jocelyn Moore reported a gift of DraftKings Class A Common Stock to a charitable fund and a transfer of shares to a revocable living trust.

Summary

• On August 30, 2024, Jocelyn Moore, a director of DraftKings Inc., reported a transaction involving Class A Common Stock.
• Moore made a bona fide gift of 2,197 shares of Class A Common Stock to a charitable donor-advised fund.
• Additionally, Moore transferred 5,882 shares of Class A Common Stock to The Mustard Seed Living Trust, a revocable living trust where she is the sole lifetime beneficiary and trustee.
• These transactions did not involve any purchase or sale of shares.
• Following these transactions, Moore directly owns 0 shares and indirectly owns 29,860 shares through The Mustard Seed Living Trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. The transactions themselves (gift and trust transfer) don't inherently suggest positive or negative outlook for the company.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have minimal direct impact on stakeholders, as they involve a gift to charity and a transfer to a revocable trust, not a sale or purchase of shares.

Key Dates