CLO R Stanton Dodge sells 62,500 shares at $29.64–$29.97 via scheduled 10b5-1 plan; retains 556,258 shares plus 1,273,243 option grants.
R Stanton Dodge, Chief Legal Officer, executed 2 separate sales totaling 62,500 shares for $1,855,202.37 on 2026-06-11 under a pre-arranged 10b5-1 trading plan adopted on 2026-03-03. This represents a -10.1% reduction in non-derivative holdings, though his total position remains substantial at 556,258 shares plus 1,273,243 unexercised stock options. The blended average price of $29.68 occurs as DKNG trades -40.6% below its 52-week high of $48.78 and near the lower end of the 52-week range, reflecting near-term volatility; the stock has recovered +15.9% over the prior 30 days. Scheduled dispositions under 10b5-1 plans are automatic exercises of pre-committed sell schedules rather than discretionary timing decisions. His prior trades at DKNG show mixed post-transaction performance, with January 2026 sales followed by steep 30-day and 90-day declines, but November and December trades preceded gains or modest reversals. The context provides no basis to infer conviction, strategy, or concern—only that a legally-mandated execution occurred as designed.