Erik Bradbury - Oct 1, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Chief Accounting Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Stock symbol: DKNG
Transactions as of: Oct 1, 2021
Transactions value $: -$15,876
Form type: 4
Date filed: 10/1/2021, 08:24 PM
Previous filing: Aug 24, 2021
Next filing: Nov 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise		+984	+368.54%		1.25K	Oct 1, 2021	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$15.9K	-314	-25.1%	$50.56^*	937	Oct 1, 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	-984	-24.99%	$0.00	2.95K	Oct 1, 2021	Class A Common Stock	984		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 ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 984 shares of Class A Common Stock underlying the RSUs listed in Table II, and 314 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2	On September 10, 2020, the Reporting Person was granted 3,937 RSUs with 25% of the RSUs vesting on October 1, 2021 (the "Vesting Date"), and the remaining 75% of the RSUs vesting in equal quarterly installments until the third anniversary of the Vesting Date.

Content

No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 984 shares of Class A Common Stock underlying the RSUs listed in Table II, and 314 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

On September 10, 2020, the Reporting Person was granted 3,937 RSUs with 25% of the RSUs vesting on October 1, 2021 (the "Vesting Date"), and the remaining 75% of the RSUs vesting in equal quarterly installments until the third anniversary of the Vesting Date.