Hany M. Nada - Aug 25, 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 25, 2021
Transactions value $
-$13,502,250
Form type
4
Date filed
8/27/2021, 08:09 PM
Previous filing
Aug 5, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Sale -$13.5M -225K -17.25% $60.01* 1.08M Aug 25, 2021 2018 Nada Family Trust F1, F2, F3
holding DKNG Class A Common Stock 12.4K Aug 25, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.14, 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 this footnote 2.
F3 In a series of transactions between January and May of 2021, the reporting person contributed an aggregate of 1,304,273, directly owned shares of Class A Common Stock to the 2018 Nada Family Trust (the "Trust"). The reporting person serves as trustee of the Trust along with his spouse.