Jason Robins - 15 Nov 2021 Form 4 Insider Report for DraftKings Inc.

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
N/A
Transactions as of
15 Nov 2021
Net transactions value
+$1,588,573
Form type
4
Filing time
16 Nov 2021, 07:01:41 UTC
Previous filing
12 Nov 2021
Next filing
24 Nov 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 $460,600 +140,000 +4% $3.29* 3,649,617 15 Nov 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $589,002 +154,189 +4.2% $3.82* 3,803,806 15 Nov 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $538,971 +141,092 $3.82* 141,092 15 Nov 2021 Held by Robins September 2020 Grantor Retained Annuity Trust F2

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 Employee Stock Option Options Exercise $0 -140,000 -35% $0.000000 257,593 15 Nov 2021 Class A Common Stock 140,000 $3.29 Direct F1, F3
transaction DKNG Employee Stock Option Options Exercise $0 -154,189 -100% $0.000000* 0 15 Nov 2021 Class A Common Stock 154,189 $3.82 Direct F1, F4
transaction DKNG Employee Stock Option Options Exercise $0 -141,092 -20% $0.000000 574,710 15 Nov 2021 Class A Common Stock 141,092 $3.82 Held by Robins September 2020 Grantor Retained Annuity Trust F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person (the "Exercise"). No shares of Class A Common Stock were sold in connection with the Exercise.
F2 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Robins September 2020 Grantor Retained Annuity Trust (the "Trust Exercise"). No shares of Class A Common Stock were sold in connection with the Trust Exercise.
F3 The options were granted on April 18, 2018. Of the remaining derivative securities following this transaction, 174,479 options have vested and are exercisable and 83,114 options remain unvested.
F4 The options are vested and currently exercisable.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.