Shalom Meckenzie - Feb 14, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Feb 14, 2022
Transactions value $
$0
Form type
4
Date filed
2/16/2022, 07:20 PM
Previous filing
Feb 14, 2022
Next filing
Apr 21, 2022

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 Award $0 +591 $0.00 591 Feb 14, 2022 Class A Common Stock 591 Direct F1, F2, F3
transaction DKNG Restricted Stock Units Award $0 +450 +76.14% $0.00 1.04K Feb 14, 2022 Class A Common Stock 450 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Represents RSU grant that is being issued in lieu of a quarterly cash retainer for the fourth quarter of 2021.
F3 The RSUs were granted on February 14, 2022 and shall vest in full on the earlier of (i) the next annual meeting of the stockholders of the Issuer following the grant date and (ii) the first anniversary of the grant date.
F4 Represents RSU grant that is being issued as a one-time payment for 2021, as consideration for the Reporting Person's service on the Transaction Committee of the Board of Directors of the Issuer.