John S. Salter - Aug 3, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 3, 2021
Transactions value $
$0
Form type
4
Date filed
8/5/2021, 07:51 PM
Previous filing
Jun 29, 2021
Next filing
Aug 27, 2021

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 Award $0 +284 $0.00 284 Aug 3, 2021 Class A Common Stock 284 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F3 The RSUs were granted on August 3, 2021 and shall vest in full on the earlier of (i) the next annual meeting of the stockholders of the Issuer following the grant date and (ii) the first anniversary of the grant date.
F4 The reporting person is party to a Nominee and Assignment Agreement with The Raine Group LLC ("Raine") pursuant to which he will be required to transfer the shares of the Issuer's Class A Common Stock underlying such RSUs to Raine upon settlement thereof. The reporting person disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the RSUs for purposes of Section 16 or for any other purpose.