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 $
-$136,496
Form type
4
Date filed
7/27/2021, 08:26 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 +6.24K +0.34% 1.84M Jul 23, 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability -$136K -2.77K -0.15% $49.33* 1.84M Jul 23, 2021 Direct
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 Restricted Stock Units Options Exercise $0 -6.24K -8.33% $0.00 68.6K Jul 23, 2021 Class A Common Stock 6.24K 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 6,239 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,767 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 August 11, 2020, the Reporting Person was granted 99,828 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President - DraftKings, North America