Woodrow Levin - Apr 19, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Apr 19, 2022
Transactions value $
$0
Form type
4
Date filed
4/21/2022, 08:18 PM
Previous filing
Feb 16, 2022
Next filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +3.56K +18.28% 23.1K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +258 +1.12% 23.3K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +262 +1.12% 23.6K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +563 +2.39% 24.1K Apr 19, 2022 Direct F1
holding DKNG Class A Common Stock 10 Apr 19, 2022 Held by OneSix Red, LLC
holding DKNG Class A Common Stock 44.6K Apr 19, 2022 Held by Levin Family 2015 Irrevocable Trust F2

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 F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -258 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 258 Direct F1, F4
transaction DKNG Restricted Stock Units Options Exercise $0 -262 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 262 Direct F1, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -563 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 563 Direct F1, F6
* 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"). 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).
F2 The Reporting Person does not have a reportable beneficial interest in the shares of Class A Common Stock held by the Levin 2020 Irrevocable Trust and the Levin Family 2020 Irrevocable Trust previously included in ownership reports of the Reporting Person and accordingly such shares are not included in Table I of this Form 4.
F3 The RSUs were granted on May 4, 2021 and became fully vested on April 19, 2022.
F4 The RSUs were granted on August 3, 2021 and became fully vested on April 19, 2022.
F5 The RSUs were granted on November 2, 2021 and became fully vested on April 19, 2022.
F6 The RSUs were granted on February 14, 2022 and became fully vested on April 19, 2022.