R. Stanton Dodge - May 22, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 22, 2021
Transactions value $
-$59,001
Form type
4
Date filed
5/25/2021, 08:05 PM
Previous filing
May 14, 2021
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.45K +1% 246K May 22, 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability -$47.9K -1.07K -0.44% $44.63* 245K May 22, 2021 Direct
transaction DKNG Class A Common Stock Options Exercise +564 +0.23% 246K May 23, 2021 Direct F2
transaction DKNG Class A Common Stock Tax liability -$11.1K -248 -0.1% $44.63* 245K May 23, 2021 Direct

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 Restricted Stock Units Options Exercise $0 -2.45K -6.25% $0.00 36.7K May 22, 2021 Class A Common Stock 2.45K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -564 -8.29% $0.00 6.24K May 23, 2021 Class A Common Stock 564 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,446 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,074 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 564 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 248 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 On February 22, 2021, the Reporting Person was granted 39,136 restricted stock units vesting quarterly over 4 years.
F4 On February 22, 2021, the Reporting Person was granted 6,806 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2021.