Summary by Futu AI
On July 30, 2024, Levin Woodrow, associated with DraftKings Inc. [DKNG], executed a transaction involving the acquisition of 348 shares of Class A Common Stock. Following this transaction, Woodrow's direct holdings in the company amounted to 49,360 shares. Additionally, Woodrow has indirect holdings through OneSix Red, LLC and the Levin Family 2015 Irrevocable Trust, with 10 and 44,616 shares respectively. The nature of the transaction was classified as an exercise or conversion of derivative security, which is a common practice for company insiders. The total number of shares held by Woodrow, both directly and indirectly, after the transaction is 93,986. This event reflects an increase in Woodrow's stake in DraftKings, potentially signaling confidence in the company's future performance.