Erik Bradbury - Feb 18, 2022 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: Feb 18, 2022
Transactions value $: -$134,343
Form type: 4
Date filed: 2/23/2022, 07:26 PM
Previous filing: Jan 4, 2022
Next filing: Feb 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Award	$0	+18K	+1471.38%	$0.00	19.2K	Feb 18, 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$103K	-5.95K	-30.94%	$17.29^*	13.3K	Feb 18, 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Award	$0	+5.82K	+43.83%	$0.00	19.1K	Feb 18, 2022	Direct	F2
transaction	DKNG	Class A Common Stock	Tax liability	-$31.5K	-1.82K	-9.56%	$17.29^*	17.3K	Feb 18, 2022	Direct	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") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 17,995 shares of Class A Common Stock underlying the RSUs that vested, and 5,946 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	No shares of Class A Common Stock were transferred or sold upon the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 5,817 shares of Class A Common Stock underlying the PSUs that vested, and 1,824 shares of Class A Common Stock withheld by the Issuer. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

Content

No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 17,995 shares of Class A Common Stock underlying the RSUs that vested, and 5,946 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.

No shares of Class A Common Stock were transferred or sold upon the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 5,817 shares of Class A Common Stock underlying the PSUs that vested, and 1,824 shares of Class A Common Stock withheld by the Issuer. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.