Jason Park - May 21, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 21, 2021
Transactions value $
-$2,159,617
Form type
4
Date filed
5/21/2021, 09:03 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 $251K +53.4K +18.49% $4.70* 342K May 21, 2021 Direct F1, F2
transaction DKNG Class A Common Stock Sale -$1.97M -43.8K -12.82% $45.05* 298K May 21, 2021 Direct F1, F3
transaction DKNG Class A Common Stock Sale -$436K -9.51K -3.19% $45.78* 289K May 21, 2021 Direct F1, F4

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 -53.4K -12.32% $0.00 380K May 21, 2021 Class A Common Stock 53.4K $4.70 Direct F1, F2, F5
* 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 adopted by the Reporting Person on March 19, 2021.
F2 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person.
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 $44.52 to $45.51, 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 and 4 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 $45.52 to $45.98, inclusive.
F5 The options are vested and currently exercisable.