DraftKings SPAC Boss Dumps 250K Shares
Harry Sloan, one of the founders of the blank-check company that brought DraftKings (NASDAQ: DKNG) public, sold 250K shares of the gaming company.
That sale occurred on Tuesday, according to a Form 4 filed with the Securities and Exchange Commission (SEC) late Thursday. Following that divestment, Sloan owns 316,322 shares of the online sportsbook operator, according to the regulatory document.
The filing doesn’t indicate the average price at which Sloan’s sale occurred, but based on DraftKings’ November 12 closing price of $41.71, 250K shares were worth $10.42 million at that time. Sloan was awarded 352 restricted stock units on November 7.
