Ryan R. Moore - Aug 24, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Frank Castellucci, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
4
Date filed
4/21/2022, 08:18 PM
Previous filing
Aug 5, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Other +6.48K +51.04% 19.2K Aug 24, 2021 Direct F1
transaction DKNG Class A Common Stock Other +6.48K +33.79% 25.6K Aug 25, 2021 Direct F2
transaction DKNG Class A Common Stock Options Exercise +3.56K +13.89% 29.2K Apr 19, 2022 Direct F3
transaction DKNG Class A Common Stock Options Exercise +322 +1.1% 29.5K Apr 19, 2022 Direct F3
transaction DKNG Class A Common Stock Options Exercise +328 +1.11% 29.9K Apr 19, 2022 Direct F3
transaction DKNG Class A Common Stock Options Exercise +703 +2.35% 30.6K Apr 19, 2022 Direct F3
holding DKNG Class A Common Stock 6.56M Aug 24, 2021 Held by Atlas Venture Fund VIII, L.P. F4
holding DKNG Class A Common Stock 766K Aug 24, 2021 Held by Accomplice Fund I, L.P. F5
holding DKNG Class A Common Stock 148K Aug 24, 2021 Held by Accomplice Management Holdings, LLC F6
holding DKNG Class A Common Stock 280K Aug 24, 2021 Held by Accomplice Fund II, L.P. F7

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 -3.56K -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 3.56K Direct F3, F8
transaction DKNG Restricted Stock Units Options Exercise $0 -322 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 322 Direct F3, F9
transaction DKNG Restricted Stock Units Options Exercise $0 -328 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 328 Direct F3, F10
transaction DKNG Restricted Stock Units Options Exercise $0 -703 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 703 Direct F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 24, 2021, Atlas Venture Associates VIII, L.P. ("Atlas Assoc VIII LP"), distributed, for no consideration, shares of the Issuer's Class A Common Stock, pro-rata, to its partners, including its limited partners and its general partner, in accordance with the exemptions afforded by Rule 16a-9 and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Act"). The distribution was effected pursuant to a Rule 10b5-1 plan adopted by Atlas Assoc VIII LP on June 11, 2021. In connection with such distribution, Mr. Moore received 6,477 shares of the Issuer's Class A Common Stock.
F2 On August 25, 2021, Atlas Assoc VIII LP, distributed, for no consideration, shares of the Issuer's Class A Common Stock, pro-rata, to its partners, including its limited partners and its general partner, in accordance with the exemptions afforded by Rule 16a-9 and Rule 16a-13 of Act. The distribution was effected pursuant to a Rule 10b5-1 plan adopted by Atlas Assoc VIII LP on June 11, 2021. In connection with such distribution, Mr. Moore received 6,477 shares of the Issuer's Class A Common Stock.
F3 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock and such Reporting Person's shares of Class A Common Stock are subject to the restrictions set forth in the Lock-Up Agreement, dated March 15, 2021, between the Reporting Person and the Initial Purchasers (as defined therein).
F4 The shares are held directly by Atlas Venture Fund VIII, L.P. Atlas VIII. Atlas Assoc VIII LP is the sole general partner of Atlas VIII. Atlas Venture Associates VIII, Inc. is the sole general partner of Atlas Assoc VIII LP. Mr. Moore disclaims Section 16 beneficial ownership of all shares except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. On each of August 24, 2021 and August 25, 2021, Atlas VIII distributed, for no consideration, 364,200 shares of the Issuer's Common Stock, pro-rata, to its partners, including its limited partners and its general partner, in accordance with the exemptions afforded by Rule 16a-9 and Rule 16a-13 of the Act. The distribution was effected pursuant to a Rule 10b5-1 plan adopted by Atlas Venture VIII on June 11, 2021.
F5 The shares are held directly by Accomplice Fund I, L.P. ("ACC I"). Accomplice Associates I, LLC ("ACC Assoc I") is the sole general partner of ACC I. Mr. Moore is a Managing Member of ACC Assoc I. Mr. Moore disclaims Section 16 beneficial ownership of all shares except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6 The shares are held directly by Accomplice Management Holdings, LLC ("ACC Holdings"). Mr. Moore is a Class A Member of ACC Holdings. Mr. Moore disclaims Section 16 beneficial ownership of all shares except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F7 The shares are held directly by Accomplice Fund II, L.P. ("ACC II"). Accomplice Associates II, LLC ("ACC Assoc II") is the sole general partner of ACC II. Mr. Moore is a Managing Member of ACC Assoc II. Mr. Moore disclaims Section 16 beneficial ownership of all shares except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F8 The RSUs were granted on May 4, 2021 and became fully vested on April 19, 2022.
F9 The RSUs were granted on August 3, 2021 and became fully vested on April 19, 2022.
F10 The RSUs were granted on November 2, 2021 and became fully vested on April 19, 2022.
F11 The RSUs were granted on February 14, 2022 and became fully vested on April 19, 2022.