Key facts
- This page summarizes Matthew Kalish's Form 4 filing for DraftKings Inc. (DKNG).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 15 May 2026, 17:56.
Matthew Kalish - 15 May 2026 Form 4 Insider Report for DraftKings Inc. (DKNG)
- Reporting relationship
- Director
- Issuer ticker
- DKNG
- Reported as of
- 15 May 2026
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 15 May 2026, 17:56:55 UTC
- Prior SEC filing
- 10 Mar 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Faisal Hasan, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Matthew Kalish filed Form 4 for DraftKings Inc. (DKNG) on 15 May 2026.
Change
- Previous filing in this sequence was filed on 10 Mar 2026.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001810190
Primary reporting owner
Kalish Matthew
- Relationship
- Director
- Address
- C/O DRAFTKINGS INC., 222 BERKELEY STREET, 5TH FLOOR, BOSTON
- Signature
- /s/ Faisal Hasan, attorney-in-fact
- Signature date
- 15 May 2026
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DKNG
transaction
Derivative
Forward Sale Contract (obligation to sell)
Other
- Transaction value
- Shares
- -1,912,236
- Change %
- -50%
- Price
- Shares after
- 1,912,236
- Date
- 15 May 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,912,236
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On May 15, 2026, the Reporting Person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contract obligates the Reporting Person to deliver to the buyer up to an aggregate 1,912,236 shares (the "Base Amount") of the Issuer's Class A Common Stock on a settlement date following May 18, 2029 (the "Maturity Date"). In exchange for assuming this obligation, the Reporting Person will receive a cash payment of $31,720,935.66 on May 18, 2026. The Reporting Person pledged 1,912,236 shares of the Issuer's Class A Common Stock (the "Pledged Shares") to secure his obligations under the contract, and retained voting rights in the Pledged Shares during the term of the pledge, but is obligated to pay to the buyer the economic benefits of dividends during the term of the pledge.
Footnote F2
The number of shares of the Issuer's Class A Common Stock to be delivered by the Reporting Person to the buyer on the settlement date is to be generally determined as follows: (a) if the closing price of shares of the Issuer's Class A Common Stock on the Maturity Date (the "Settlement Price") is less than $40.00 ("Cap Level") but greater than $19.20 ("Floor Level"), the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount multiplied by a ratio equal to the Floor Level divided by the Settlement Price; (continued on footnote 3 to this Form 4)
Footnote F3
(Continued from footnote 2 to this Form 4) (b) if the Settlement Price is equal to or greater than the Cap Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Floor Level and (B) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Floor Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount.