Ellingson Alan Wayne, Chief Financial Officer of DraftKings (DKNG), has filed 72 Form 4 transactions, all in that single company. His activity shows a clear pattern: no open-market purchases and no acquisitions of shares through grants or awards. The total value of his sales reached $9,486,404.31, while his buy total sat at zero. Every transaction in his recent filing history falls under codes F (shares withheld to cover tax) or M (option exercise), both of which are mechanical events tied to compensation rather than discretionary trades.
The most recent cluster of filings, dated September 1, 2026, shows four option exercises valued at zero, paired with four tax-withholding transactions worth $225,774.08, $60,076.72, $8,414.96, and $24,260.40. Similar groupings appear on August 1, 2026, with a single F transaction at $48,932.32, and on June 1, 2026, with F values of $253,610.56, $67,510.12, $9,452.47, and $26,408.99. The May 1, 2026 filing shows one F transaction at $33,074, and the March 1, 2026 filings show F values of $37,095.04, $5,197.12, and $14,995.36. Each F transaction was paired with an M transaction valued at zero.
The pattern is consistent with routine equity compensation administration. The M entries reflect option exercises with no reported cash value, and the F entries represent shares withheld to cover tax obligations. There is no evidence of open-market selling or buying in the recent data. The absence of P or S codes in the recent filings means the $9.49 million sell total likely came from earlier transactions not shown in this window. The direction of his recent activity is neutral: it is compensation processing, not a directional bet on DKNG stock.
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