Jason Park - 22 Aug 2021 Form 4 Insider Report for DraftKings Inc.

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
N/A
Transactions as of
22 Aug 2021
Net transactions value
-$61,320
Form type
4
Filing time
24 Aug 2021, 20:08:57 UTC
Previous filing
30 Jul 2021
Next filing
27 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2,658 +0.91% 295,257 22 Aug 2021 Direct F1
transaction DKNG Class A Common Stock Tax liability $61,320 -1,179 -0.4% $52.01* 294,078 22 Aug 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 -2,658 -6.7% $0.000000 37,222 22 Aug 2021 Class A Common Stock 2,658 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.