Form 4: DraftKings Director Woodrow Levin Reports Stock Transactions
SEC Form 4 Filing
Director Woodrow Levin reports the vesting of restricted stock units and subsequent ownership of DraftKings Class A Common Stock.
Summary
- On May 13, 2024, DraftKings Director Woodrow Levin reported transactions related to Class A Common Stock.
- Specifically, 6,339 Restricted Stock Units (RSUs) vested, each representing a contingent right to receive one share of DraftKings Class A Common Stock.
- These RSUs were granted on August 1, 2023, and became fully vested on May 13, 2024.
- Following the reported transaction, Levin directly owns 49,012 shares of Class A Common Stock.
- Levin also indirectly owns shares through OneSix Red, LLC and the Levin Family 2015 Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and has a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the ownership positions of company directors.
Key Dates
| Date | Description |
|---|---|
| August 1, 2023 | Date the Restricted Stock Units (RSUs) were granted. |
| May 13, 2024 | Date of the reported transaction: vesting of RSUs and conversion to Class A Common Stock. |
| May 15, 2024 | Date of the signature on the Form 4 filing. |
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