Form 4: DraftKings Director Woodrow Levin Reports Stock Transactions

Woodrow Levin, a Director at DraftKings Inc., reported transactions involving Class A Common Stock and Restricted Stock Units on May 12, 2026.

Summary

• Woodrow Levin, a Director of DraftKings Inc., filed a Form 4 detailing transactions on May 12, 2026.
• The filing indicates the vesting of 5,562 Restricted Stock Units (RSUs), which converted into 5,562 shares of Class A Common Stock.
• Following these transactions, Levin beneficially owns 64,054 shares of Class A Common Stock.
• These shares are held directly and indirectly through OneSix Red, LLC and the Levin Family 2015 Irrevacable Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine insider transaction (vesting of RSUs) rather than a sale or purchase that might indicate a stronger sentiment.

Positives

• Vesting of 5,562 RSUs represents an increase in the reporting person's direct equity ownership.
• The reporting person continues to hold a significant number of shares (64,054) following the transaction.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. These filings are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership.

Stakeholder Impact

• Shareholders: Increased transparency into director's equity holdings.
• Management: Standard reporting requirement, no immediate impact.

Key Dates

Keywords

DraftKings Inc., DKNG, Form 4, SEC Filing, Insider Trading, Stock Transaction, Restricted Stock Units, Class A Common Stock, Beneficial Ownership, Woodrow Levin