Form 4: DraftKings Director Jocelyn Moore Sells Shares Under Pre-Arranged 10b5-1 Plan

Jocelyn Moore, a Director at DraftKings Inc., sold 3,420 shares of Class A Common Stock at $42 per share on March 6, 2025, under a pre-arranged trading plan.

Summary

• On March 6, 2025, Jocelyn Moore, a Director of DraftKings Inc., sold 3,420 shares of Class A Common Stock at a price of $42 per share.
• The sale was executed under a pre-arranged program adopted on December 6, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Moore also transferred 4,212 shares from The Mustard Seed Living Trust, of which she is the sole beneficiary and trustee, to her direct ownership.
• Following the reported transactions, Moore directly owns 1,612 shares of Class A Common Stock and indirectly owns 25,648 shares through The Mustard Seed Living Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The sale was conducted under a pre-arranged 10b5-1 trading plan, which is a legal way for insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the pre-arranged nature of the sale mitigates concerns about insider trading.

Key Dates