R. Stanton Dodge - Dec 23, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Chief Legal Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Stock symbol: DKNG
Transactions as of: Dec 23, 2021
Transactions value $: -$7,301
Form type: 4
Date filed: 12/28/2021, 05:13 PM
Previous filing: Nov 24, 2021
Next filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise		+564	+1.09%		52.4K	Dec 23, 2021	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$7.3K	-248	-0.47%	$29.44^*	52.1K	Dec 23, 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	-564	-19.73%	$0.00	2.29K	Dec 23, 2021	Class A Common Stock	564		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 564 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 248 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 6,806 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2021.

Content

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 564 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 248 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.

On February 22, 2021, the Reporting Person was granted 6,806 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2021.