Matthew Kalish - Jul 23, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jul 23, 2021
Transactions value $
-$4,692,213
Form type
4
Date filed
7/23/2021, 09:24 PM
Previous filing
Jul 9, 2021
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $60.6K +96.2K +5.23% $0.63* 1.93M Jul 23, 2021 Direct F1, F2
transaction DKNG Class A Common Stock Sale -$4.1M -83K -4.29% $49.37* 1.85M Jul 23, 2021 Direct F1, F3
transaction DKNG Class A Common Stock Sale -$656K -13.2K -0.71% $49.80* 1.84M Jul 23, 2021 Direct F1, F4
holding DKNG Class A Common Stock 258K Jul 23, 2021 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 6.57K Jul 23, 2021 Held by Kalish Family 2020 Irrevocable Trusts

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 -96.2K -48.54% $0.00 102K Jul 23, 2021 Class A Common Stock 96.2K $0.63 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.
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 $48.73 to $49.725, 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 sold in multiple transactions at prices ranging from $49.73 to $49.96, inclusive.
F5 The options are vested and currently exercisable.

Remarks:

President - DraftKings, North America