Erik Bradbury - 24 Feb 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
24 Feb 2022
Transactions value $
-$1,353
Form type
4
Filing time
28 Feb 2022, 19:06:52 UTC
Previous filing
23 Feb 2022
Next filing
03 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 +196 +1.14% 17.5K 24 Feb 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$1.35K -62 -0.36% $21.83* 17.4K 24 Feb 2022 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 -196 -7.71% $0.00 2.35K 24 Feb 2022 Class A Common Stock 196 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 ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 196 shares of Class A Common Stock underlying the RSUs listed in Table II, and 62 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 On February 24, 2021, the Reporting Person was granted 3,127 RSUs vesting quarterly over 4 years.