DraftKings disclosed that CEO Jason Robins raised $5.3 million from the sale of stock.
The company disclosed late Thursday in a Form 4 filing with the Securities and Exchange Commission that Jason Robins, the online sports-betting and digital sports entertainment company’s co-founder and chief executive officer, sold 300,000 DraftKings shares on March 27.
The Class A shares were sold at a weighted-average price of $17.72, meaning Robins took in about $5.32 million. The stock was trading in an intraday range of $17.33 to $18.22 on March 27 before closing up 0.5% at $17.81.The share-sale disclosure comes less than a week after the company disclosed in its 2022 proxy statement that Robins’s total compensation for 2022 was $47.47 million, which included a $1 salary, $43.7 million in performance-based restricted stock units and $2.
Included in that category was $131,607 in Super Bowl expenses, about which the company said: “Represents the purchase of game day tickets, special events, travel and accommodations for Mr. Robins’ family members during the week’s activities.” DraftKings’ stock ticked up 0.2% in afternoon trading. It has run up $7.48, or 65.7%, year to date, to recover nearly half of the $16.08, or 58.5%, it lost in 2022.The Form 4 said Monday’s share sales leaves Robins with about 6.15 million Class A shares of DraftKings, or about 1.4% of the Class A shares outstanding. At current prices, his stake would be worth about $116.1 million.
Robins is also the sole holder of 393.01 million Class B shares. Each class B share entitles the holder to 10 votes, while each Class A share entitles the holder to one vote.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
6 months and $8 billion dollars later, Dallas's Signify is CVS - CEO SpotlightKyle Armbrester, CEO, Signify Health joins KRLD's David Johnson on this episode of CEO Spotlight.
Read more »
Macy’s Jeff Gennette Sets Retirement Date; Tony Spring Moving UpJeff Gennette, the 61-year-old chairman and chief executive officer of Macy’s Inc. and a 40-year veteran of the company, will retire next year, triggering a string of top-level management changes.
Read more »
Royal Crackers: Jason Ruiz Series Scores Season 2 From Adult SwimWith its three-episode premiere set for this Sunday, AdultSwim has given a Season 2 green light for JasonRuiz's RoyalCrackers. Here's a look at the official trailer & the premiere episode. / AdultSwim
Read more »
Jason Momoa Teases Aquaman’s DCU Future After The Lost KingdomAquaman and the Lost Kingdom star Jason Momoa has spoken a bit about his future as Arthur Curry in the new DCU.
Read more »
Jason Wingard Resigns as Temple University PresidentThe school’s board of trustees accepted Jason Wingard’s resignation effective on Friday, March 31, the university announced on Tuesday.
Read more »
After a tumultuous tenure, Jason Wingard has resigned as Temple University presidentWingard, 51, who led Temple since July 2021, tendered his resignation and the board accepted it, the board chair said. 'A strong core group of senior administrators' will help lead the university.
Read more »