Matthew Kalish - Mar 7, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Mar 7, 2022
Transactions value $
-$10,210,705
Form type
4
Date filed
3/9/2022, 07:28 PM
Previous filing
Feb 24, 2022
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Award $0 +500K +28.71% $0.00 2.24M Mar 7, 2022 Direct F1
transaction DKNG Class A Common Stock Award $0 +150K +6.68% $0.00 2.39M Mar 7, 2022 Direct F2
transaction DKNG Class A Common Stock Award $0 +500K +20.91% $0.00 2.89M Mar 8, 2022 Direct F1
transaction DKNG Class A Common Stock Award $0 +150K +5.18% $0.00 3.04M Mar 8, 2022 Direct F2
transaction DKNG Class A Common Stock Sale -$4.02M -230K -7.56% $17.49* 2.81M Mar 8, 2022 Direct F3
transaction DKNG Class A Common Stock Sale -$1.18M -65.6K -2.33% $17.99* 2.75M Mar 8, 2022 Direct F4
transaction DKNG Class A Common Stock Sale -$5.01M -281K -10.23% $17.83* 2.46M Mar 9, 2022 Direct F5
holding DKNG Class A Common Stock 258K Mar 7, 2022 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196K Mar 7, 2022 Held by Kalish Family 2020 Irrevocable Trusts
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $17.89, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3, 4 and 5 to this Form 4.
F4 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.90 to $18.14, inclusive.
F5 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.49 to $18.33, inclusive.

Remarks:

President - DraftKings, North America