Jason Park - Aug 22, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 22, 2021
Transactions value $
-$61,320
Form type
4
Date filed
8/24/2021, 08:08 PM
Previous filing
Jul 30, 2021
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.66K +0.91% 295K Aug 22, 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability -$61.3K -1.18K -0.4% $52.01* 294K Aug 22, 2021 Direct

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 -2.66K -6.66% $0.00 37.2K Aug 22, 2021 Class A Common Stock 2.66K 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 2,658 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,179 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 42,539 restricted stock units vesting quarterly over 4 years.