Jason Robins - May 14, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 14, 2021
Transactions value $
-$13,595,671
Form type
4
Date filed
5/14/2021, 08:36 PM
Next filing
May 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $1.1M +333K $3.29* 333K May 14, 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F2
transaction DKNG Class A Common Stock Sale -$1.81M -42.9K -12.88% $42.10* 290K May 14, 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F3
transaction DKNG Class A Common Stock Sale -$1.04M -24.3K -8.37% $42.78* 266K May 14, 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F4
transaction DKNG Class A Common Stock Sale -$5.7M -129K -48.44% $44.20* 137K May 14, 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F5
transaction DKNG Class A Common Stock Sale -$6.15M -137K -100% $44.81* 0 May 14, 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F6
holding DKNG Class A Common Stock 5.17M May 14, 2021 Direct
holding DKNG Class A Common Stock 20.2K May 14, 2021 Held by Robins Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 20.6K May 14, 2021 Held by Jason Robins Revocable Trust u/d/t January 8, 2014
holding DKNG Class A Common Stock 6.59K May 14, 2021 Held by Robins Family LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Employee Stock Option Options Exercise $0 -333K -4.46% $0.00 7.14M May 14, 2021 Class A Common Stock 333K $3.29 Held by Robins September 2020 Grantor Retained Annuity Trust F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan last amended by the Robins September 2020 Grantor Retained Annuity Trust, of which the Reporting Person serves as Trustee, on December 11, 2020.
F2 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Robins September 2020 Grantor Retained Annuity Trust.
F3 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $41.44 to $42.435, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3, 4, 5 and 6 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $42.44 to $43.42, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $43.465 to $44.46, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $44.47 to $45.24, inclusive.
F7 The options are vested and currently exercisable.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.