Ellingson Alan Wayne sold DKNG
February 25, 2025 · Form 4 insider transaction
Ellingson Alan Wayne sold 103,827 shares of DraftKings Inc. at $42.21 per share, a transaction worth $4.38M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common stock adopted on November 21, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.; The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.53 to $42.52, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5, 6, and 7 to this Form 4.