Dodge R Stanton, Chief Legal Officer, has filed 100 Form 4 transactions across three companies, with a total sell value of $22,988,501.28 and zero open-market purchases. His recent activity centers on DraftKings (DKNG) and EchoStar (ECHO), and the pattern is almost entirely mechanical.
The most recent filings, dated September 1, 2026, show a series of option exercises (code M, valued at $0) paired with shares withheld to cover taxes (code F) at DKNG. Those F transactions ranged from $15,142.24 to $127,115.12. Similar M and F pairs appear monthly at DKNG from June through September. On July 1, 2026, Stanton exercised options at ECHO worth $122,450 and had $122,468.32 withheld for taxes. These are automatic or compensation-driven events, not discretionary trades.
The only open-market sales (code S) in the recent window occurred on June 11, 2026, at DKNG. Stanton sold shares worth $245,424.33 and $1,609,778.04 on that date, for a combined $1.85 million. That sale followed an option exercise of $184,375 the same day. Across the full dataset, Stanton has never filed a code P purchase, and his total acquired value from grants or exercises is $0, meaning all his reported value comes from selling. The direction is consistent: he sells DKNG stock when he has the chance, and the rest of his activity is the routine churn of vesting and tax withholding.
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