Erik Bradbury - May 24, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 24, 2021
Transactions value $
-$2,919
Form type
4
Date filed
5/25/2021, 08:05 PM
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +195 195 May 24, 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability -$2.92K -61 -31.28% $47.86* 134 May 24, 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 -195 -6.24% $0.00 2.93K May 24, 2021 Class A Common Stock 195 Direct F1, F2
* 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 195 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 61 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 On February 24, 2021, the Reporting Person was granted 3,127 restricted stock units vesting quarterly over 4 years.