Jason Robins - 22 Feb 2022 Form 4 Insider Report for DraftKings Inc.

Role: Officer, Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 22 Feb 2022
Net transactions value: -$32,979
Form type: 4
Filing time: 24 Feb 2022, 20:30:44 UTC
Previous filing: 11 Feb 2022
Next filing: 16 Mar 2022
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		+5,850	+0.17%		3,357,806	22 Feb 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$32,979	-1,774	-0.05%	$18.59^*	3,356,032	22 Feb 2022	Direct
holding	DKNG	Class A Common Stock						83,000	22 Feb 2022	Held by the Robins Family GST Trust 2021
holding	DKNG	Class A Common Stock						141,092	22 Feb 2022	Held by Robins September 2020 Grantor Retained Annuity Trust

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	-5,850	-7.7%	$0.000000	70,189	22 Feb 2022	Class A Common Stock	5,850		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 5,850 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,774 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 93,586 restricted stock units vesting quarterly over 4 years.

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 5,850 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,774 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 93,586 restricted stock units vesting quarterly over 4 years.

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.