Officer Matthew Kalish Files Form 144 to Sell $47.8M in DraftKings Stock
DKNG sits 22% above its 52-week low of $20.46.
Summary
DraftKings officer Matthew Kalish filed a Form 144 to sell $47.8 million in stock, adding to recent insider selling activity.
Key Events · Ownership and Investor Activity · DKNG
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Officer Files Intent to Sell
Matthew Kalish, an officer, filed a Form 144 to sell 1,912,236 shares of DraftKings common stock.
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Significant Proposed Sale Value
The proposed sale has an approximate market value of $47.8 million, representing 0.38% of the company's market capitalization.
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Part of Pre-Arranged Forward Contract
The sale is pursuant to a variable price forward sale transaction, with settlement based on the closing price on May 18, 2029. Initial hedging activity will be conducted by Goldman Sachs.
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Adds to Recent Insider Distribution
This filing follows a pattern of insider selling, including a $54 million Form 144 from the CEO in March, and contributes to a net insider distribution of over $10 million in the last 90 days.
Analysis · DKNG · Trade & Services
Matthew Kalish, an officer at DraftKings, has filed a Form 144 indicating his intent to sell approximately $47.8 million worth of company stock. This proposed sale, representing 0.38% of the company's market capitalization, is part of a pre-arranged variable price forward sale transaction. While the actual sale is not immediate, the filing signals a significant reduction in insider holdings and adds to a recent pattern of insider distribution, including a prior large Form 144 from the CEO.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DKNG was trading at $24.86 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $12.4B. The 52-week trading range was $20.46 to $48.78. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.