Jason Robins - May 22, 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 22, 2021
Transactions value $
-$115,815
Form type
4
Date filed
5/25/2021, 08:07 PM
Previous filing
May 14, 2021
Next filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +5.85K +0.11% 5.17M May 22, 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability -$116K -2.6K -0.05% $44.63* 5.17M May 22, 2021 Direct
holding DKNG Class A Common Stock 20.2K May 22, 2021 Held by Robins Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 20.6K May 22, 2021 Held by Jason Robins Revocable Trust u/d/t January 8, 2014
holding DKNG Class A Common Stock 6.59K May 22, 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 Restricted Stock Units Options Exercise $0 -5.85K -6.25% $0.00 87.7K May 22, 2021 Class A Common Stock 5.85K 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 5,849 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,595 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 22, 2021, the Reporting Person was granted 93,586 restricted stock units vesting quarterly over 4 years.

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.