Form 4: DraftKings Executive Matthew Kalish Donates Shares to Non-Profit
SEC Form 4 Filing
DraftKings executive Matthew Kalish reports a gift of Class A Common Stock to a non-profit organization.
Summary
- Matthew Kalish, a Director and Officer (President DraftKings, North America) of DraftKings Inc., filed a Form 4.
- The filing reports a transaction on August 12, 2024, where 7,813 shares of Class A Common Stock were gifted to a non-profit organization.
- The transaction was a bona fide gift with no purchase or sale involved.
- Following the transaction, Kalish directly owns 3,478,190 shares of Class A Common Stock.
- Kalish also indirectly owns 196,279 shares of Class A Common Stock held by Kalish Family 2020 Irrevocable Trusts.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (a gift of shares) and doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Executive stock transactions are common and can be related to compensation, diversification, or charitable giving. This transaction appears to be a charitable donation.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of the gift transaction of Class A Common Stock. |
| 08/14/2024 | Date of signature for the Form 4 filing. |
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