Matthew Kalish - 02 Sep 2026 Form 4 Insider Report for DraftKings Inc. (DKNG)

Reporting relationship: Director
Issuer ticker: DKNG
Reported as of: 02 Sep 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Sep 2026, 16:34:54 UTC
Prior SEC filing: 14 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Faisal Hasan, attorney-in-fact

Key filing fact

Matthew Kalish filed Form 4 for DraftKings Inc. (DKNG) on 03 Sep 2026.

Key facts

This page summarizes Matthew Kalish's Form 4 filing for DraftKings Inc. (DKNG).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Sep 2026, 16:34.

Change

Previous filing in this sequence was filed on 14 Aug 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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: 03 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DKNG transaction

Class A Common Stock

Other

Transaction value
Shares: -864,880
Change %: -13%
Price
Shares after: 5,634,845
Date: 02 Sep 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 196,309
Date: 02 Sep 2026
Ownership: Held by Kalish Family 2020 Irrevocable Trusts

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,938
Date: 02 Sep 2026
Ownership: Held by Matthew P. Kalish 2020 Trust

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: -875,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 02 Sep 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 875,000
Exercise price
Footnotes: F1, F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On September 2, 2026, the Reporting Person physically settled at maturity under its existing terms a prepaid variable forward sale contract entered into on September 12, 2023 (the "2023 Contract") with an unaffiliated third-party buyer. The 2023 Contract obligated the Reporting Person to deliver to the buyer up to an aggregate of 875,000 shares (the "Base Amount") of the Issuer's Class A Common Stock (or, at the Reporting Person's election, an equivalent amount of cash based on the market price of the Issuer's Class A Common Stock) following the maturity date of September 2, 2026 (the "Maturity Date").

Footnote F2

On the Maturity Date, the Settlement Price (as defined in footnote 3 to this Form 4) was $24.21. Accordingly, the Reporting Person transferred to the buyer 864,880 of the Pledged Shares (as defined in footnote 5 to this Form 4). The remaining 10,120 Pledged Shares were returned to the Reporting Person by the buyer.

Footnote F3

The 2023 Contract provided that the number of shares of the Issuer's Class A Common Stock to be delivered to the buyer on the second business day immediately following the Maturity Date would be determined as follows: (a) if the closing price of shares of the Issuer's Class A Common Stock on Maturity Date (the "Settlement Price") was less than $48.55 (the "Cap Level") but greater than $23.93 (the "Floor Level"), the Reporting Person would 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 4 to this Form 4)

Footnote F4

(Continued from footnote 3 to this Form 4) (b) if the Settlement Price was equal to or greater than the Cap Level on the Maturity Date, the Reporting Person would 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 was equal to or less than the Floor Level on the Maturity Date, the Reporting Person would deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount.

Footnote F5

In exchange for entering into the 2023 Contract and assuming the obligations thereunder, the Reporting Person received a cash payment of $18,718,918 on September 14, 2023, and no additional consideration was paid at settlement. The Reporting Person pledged 875,000 shares of the Issuer's Class A Common Stock (the "Pledged Shares") to secure the Reporting Person's obligations under the 2023 Contract, and retained voting rights in the Pledged Shares during the term of the pledge, but was obligated to pay to the buyer the economic benefits of dividends during the term of the pledge.