DraftKings Execs Cash Out $ 78 Million in Shares Since January
Kate Marshal
14 February 2024
Comment 0
Pictured: Jason Robins, DraftKings CEO
High-ranking executives at the sports betting giant DraftKings, including CEO Jason Robins, have been cashing out their shares, dumping more than $78 million worth of the company’s stock since the start of the year, according to SEC filings.
According to five Form 144 filings with the SEC, CEO Jason Robins, co-founder Paul Liberman, and General Counsel Stanton Dodge have been cashing out their shares since January 22, pocketing a total of $78.76 million.
Two of the filings, dated February 8, show that Robins and Dodge sold shares worth $9.6 million, just over a week before the company is scheduled to release its fourth-quarter earnings report.
DraftKings shares have been on a hot streak since the start of the year, surging by 23% to $42.49 per share, the highest level since October 2021, when the stock peaked at $43.62.
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