Jason Park - Jun 25, 2021 Form 4/A - Amendment Insider Report for DraftKings Inc. (DKNG)

Role: Chief Financial Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Stock symbol: DKNG
Transactions as of: Jun 25, 2021
Transactions value $: -$2,511,801
Form type: 4/A - Amendment
Date filed: 7/30/2021, 09:50 PM
Date Of Original Report: Jun 25, 2021
Previous filing: Jun 16, 2021
Next filing: Jul 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise	$251K	+53.4K	+18.4%	$4.70^*	343K	Jun 25, 2021	Direct	F1, F2, F3
transaction	DKNG	Class A Common Stock	Sale	-$2.13M	-41.3K	-12.03%	$51.68^*	302K	Jun 25, 2021	Direct	F1, F2, F4
transaction	DKNG	Class A Common Stock	Sale	-$628K	-12K	-3.99%	$52.13^*	290K	Jun 25, 2021	Direct	F1, F2, F5

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	-53.4K	-14.05%	$0.00	326K	Jun 25, 2021	Class A Common Stock	53.4K	$4.70	Direct	F1, F2, F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 25, 2021, the Reporting Person filed a Form 4 which inadvertently omitted the exercise of 53,350 options by the Reporting Person. The shares of Class A Common Stock underlying those options were subsequently sold pursuant to a Rule 10b5-1 trading plan as reported in the original Form 4. This amendment to the original Form 4 is being filed solely to report the exercise of the employee stock options and the resulting increase in beneficial ownership of Class A Common Stock. The Reporting Person has not sold any additional shares of Class A Common Stock beyond those sales reported in the original Form 4.
F2	These transactions were effected pursuant to a Rule 10b5-1 trading plan.
F3	Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person.
F4	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 $51.015 to $52.01, 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 4 and 5 to this Form 4.
F5	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 $52.015 to $52.30, inclusive.
F6	The options are vested and currently exercisable.