Alan Wayne Ellingson, Chief Financial Officer of DraftKings Inc., filed a Form 4 on November 3, 2026, disclosing the vesting of restricted stock units and a related tax-withholding transaction dated November 1, 2026.

Key Highlights

  • RSU vesting: 4,310 restricted stock units (RSUs) vested on November 1, 2026, converting to 4,310 shares of Class A Common Stock (transaction code M).
  • Tax withholding: 2,084 shares of Class A Common Stock were withheld by DraftKings Inc. to satisfy tax withholding obligations, at a price of $20.91 per share (transaction code F).
  • No open-market sale: According to the filing, "no shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes."
  • Remaining direct holdings: Ellingson directly holds 195,784 shares of Class A Common Stock following the reported transactions.
  • Remaining RSUs: 25,861 RSUs remain beneficially owned directly following the transaction.
  • Original grant: The RSUs vested from a grant of 68,963 RSUs made on May 1, 2024, vesting quarterly over four years from that date.

DraftKings CFO RSU Vesting and Tax Withholding Details: November 1, 2026

Alan Wayne Ellingson, identified in the filing as Chief Financial Officer of DraftKings Inc. (NASDAQ:DKNG), reported two transactions in Class A Common Stock on November 1, 2026. The first was an acquisition of 4,310 shares through the vesting of RSUs (transaction code M). The second was the disposal of 2,084 shares at $20.91 per share back to the issuer to cover withholding tax obligations (transaction code F).

According to the filing, each RSU represents a contingent right to receive one share of DraftKings Class A Common Stock. The vested RSUs originated from a grant of 68,963 RSUs awarded on May 1, 2024, structured to vest quarterly over four years from that date. The filing notes that no shares were transferred or sold on the open market in connection with this vesting event; the only disposition was the 2,084 shares withheld by the issuer for tax purposes.

Following both transactions, Ellingson directly holds 195,784 shares of Class A Common Stock and 25,861 RSUs. The Form 4 was signed by Faisal Hasan as attorney-in-fact and filed on November 3, 2026.

What Was Disclosed

The filing reports the November 1, 2026 vesting of 4,310 RSUs held by DraftKings CFO Alan Wayne Ellingson, the withholding of 2,084 shares at $20.91 for taxes, and resulting beneficial ownership of 195,784 direct shares and 25,861 remaining RSUs.