Jason Robins - Nov 15, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Nov 15, 2021
Transactions value $
$1,588,573
Form type
4
Date filed
11/16/2021, 07:01 AM
Previous filing
Nov 12, 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 $461K +140K +3.99% $3.29* 3.65M Nov 15, 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $589K +154K +4.22% $3.82* 3.8M Nov 15, 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $539K +141K $3.82* 141K Nov 15, 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 -140K -35.21% $0.00 258K Nov 15, 2021 Class A Common Stock 140K $3.29 Direct F1, F3
transaction DKNG Employee Stock Option Options Exercise $0 -154K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 154K $3.82 Direct F1, F4
transaction DKNG Employee Stock Option Options Exercise $0 -141K -19.71% $0.00 575K Nov 15, 2021 Class A Common Stock 141K $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.