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DraftKings CFO Ellingson Alan Wayne Sells 44,693 Shares at $44.9/Share.
ByAinvest
Thursday, Aug 21, 2025 8:06 pm ET1min read
DraftKings Inc. (DKNG) has announced that its Chief Financial Officer, Alan Wayne Ellingson, has sold 44,693 shares at a price of $44.9 per share on August 19, 2025.
DraftKings Inc. (DKNG) has announced that its Chief Financial Officer, Alan Wayne Ellingson, sold 44,693 shares at a price of $44.9 per share on August 19, 2025. This transaction, reported in a Form 4 filing with the Securities and Exchange Commission (SEC), comes amidst a period of significant regulatory developments and market expansion for the company.Ellingson's sale of shares is part of a broader trend of insider trading activity observed within DraftKings. According to recent reports, insiders have traded DKNG stock 52 times in the past six months, with all transactions being sales [1]. This includes notable sales by other executives such as Matthew Kalish, President of DraftKings North America, and Paul Liberman, Co-Founder and Executive Chairman of the company. Kalish sold 1,847,585 shares for an estimated $79,138,882, while Liberman sold 1,210,850 shares for an estimated $50,552,521 [1].
The latest regulatory development for DraftKings is the receipt of a direct mobile sports betting license in Missouri. This license, granted by the Missouri Gaming Commission, will allow DraftKings to operate independently across the state starting December 1, 2025, pending final regulatory approvals [2]. Missouri will become the 29th U.S. state where DraftKings offers regulated sports betting, significantly expanding the company's market presence.
Despite the positive developments, there are potential risks and uncertainties associated with DraftKings' future performance. The company's forward-looking statements highlight inherent risks and uncertainties that could impact its operations, including regulatory approvals and market volatility [2].
References:
[1] https://www.quiverquant.com/news/DraftKings+Inc.+Secures+Direct+Mobile+Sports+Betting+License+in+Missouri
[2] https://www.globenewswire.com/news-release/2025/08/15/2300779/en/DraftKings-Inc.-Announces-Missouri-Gaming-Commission-Grants-Direct-Mobile-Sports+Betting+License.html
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