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sellWeak cluster of 310b5-1 plan

Matthew Kalish sold $16M of DKNG

See Remarks at DraftKings Inc.. 420,000 shares at an average of $37.85, traded May 12, 2025, filed May 13, 2025.

Warning score
20
Value
$16M
420,000 shares
Holdings after
4,155,130
-10% from before
From 52-week low
+20%
low $31.67, close $37.93
From 52-week high
-29%
high $53.49, as of May 12, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $15.9M at market
    +25
  • Share of holdings sold
    Sold 9.6% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

DKNGOct 9, 2026 · close 19.58
Since filing May 13, 2025: -48.0%SPY +34.9% · excess -82.9%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001104659-25-048000, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 9, 2025MOption exercise
Class A Common Stock10b5-1
+28,309--4,168,818May 13, 2025
May 9, 2025FTax withholding
Class A Common Stock10b5-1
-13,688$36.23$496k4,155,130May 13, 2025
May 12, 2025MOption exercise
Class A Common Stock10b5-1
+210,000$3.29$691k4,365,130May 13, 2025
May 12, 2025SOpen-market sale
Class A Common Stock10b5-1
-199,933$37.83$7.6M4,165,197May 13, 2025
May 12, 2025SOpen-market sale
Class A Common Stock10b5-1
-10,067$38.55$388k4,155,130May 13, 2025
May 13, 2025MOption exercise
Class A Common Stock10b5-1
+210,000$3.29$691k4,365,130May 13, 2025
May 13, 2025SOpen-market sale
Class A Common Stock10b5-1
-210,000$37.83$7.9M4,155,130May 13, 2025
May 9, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-28,309$0.00$084,926May 13, 2025
May 12, 2025MOption exercise
Stock optionderivative10b5-1
-210,000$0.00$0903,488May 13, 2025
May 13, 2025MOption exercise
Stock optionderivative10b5-1
-210,000$0.00$0693,488May 13, 2025

Related signals

Other insiders at DraftKings Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
0Weak
DKNGsell10b5-1
DraftKings Inc.
Erik Bradbury
Chief Accounting Officer
$22k
862 shares
-2%
37Weak
DKNGsell 310b5-1
DraftKings Inc.
Jocelyn Moore
director
$55k
2,150 shares
-60%
25Weak
DKNGsell 310b5-1
DraftKings Inc.
Paul Liberman
See Remarks
$12M
484,417 shares
-23%
3Weak
DKNGsell 310b5-1
DraftKings Inc.
Erik Bradbury
Chief Accounting Officer
$71k
2,883 shares
-7%
11Weak
DKNGsell10b5-1
DraftKings Inc.
Erik Bradbury
Chief Accounting Officer
$164k
7,268 shares
-17%
64Notable
DKNGbuy
DraftKings Inc.
Harry Sloan
director
$2.2M
100,000 shares
+40%
5Weak
DKNGsell10b5-1
DraftKings Inc.
R Stanton Dodge
Chief Legal Officer
$1.7M
52,777 shares
-10%
5Weak
DKNGsell10b5-1
DraftKings Inc.
R Stanton Dodge
Chief Legal Officer
$1.8M
52,777 shares
-9%
23Weak
DKNGsell 210b5-1
DraftKings Inc.
Alan Wayne Ellingson
Chief Financial Officer
$246k
8,421 shares
-6%
66Notable
DKNGbuy 2
DraftKings Inc.
Harry Sloan
director
$758k
25,000 shares
+11%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Matthew Kalish sold $16M of DKNG | InsiderTell