DraftKings insiders sold $205.54 million worth of company shares throughout 2024, with no insider purchases recorded during the year. This selling pattern occurred while the company's stock showed relatively weak performance, gaining just 5.53% compared to broader market gains exceeding 25%.

Quarterly insider sales showed a declining trend:

• Q1: $66 million
• Q2: $61 million
• Q3: $45 million
• Q4: $34 million

Recent significant sales included transactions by Chief Legal Officer R. Stanton Dodge and co-founder Paul Liberman, totaling over $30 million in December alone.

This selling pattern contrasts sharply with DraftKings' competitors:

• Flutter Entertainment (FanDuel parent): No insider transactions in the past three months; stock gained 44.39% in 2024
• Caesars Entertainment: Less than $350,000 in insider sales; executives made significant purchases in H1 2024
• Penn Entertainment: $2.61 million in insider purchases vs. $126,578 in sales; 4-to-1 buy-to-sell transaction ratio

Notable corporate actions:

• Flutter announced a $5 billion share repurchase program
• DraftKings implemented a smaller $1 billion buyback plan

This substantial insider selling at DraftKings, combined with the absence of insider purchases and underperforming stock returns, has raised concerns among retail investors about executive confidence in the company's future prospects.

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