John S. Salter - 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, 08:20 PM
Previous filing
Feb 16, 2022
Next filing
May 12, 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 +28.19% 16.2K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +284 +1.75% 16.5K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +288 +1.75% 16.8K Apr 19, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise +619 +3.69% 17.4K Apr 19, 2022 Direct F1

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, F2, F6
transaction DKNG Restricted Stock Units Options Exercise $0 -284 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 284 Direct F1, F3, F6
transaction DKNG Restricted Stock Units Options Exercise $0 -288 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 288 Direct F1, F4, F6
transaction DKNG Restricted Stock Units Options Exercise $0 -619 -100% $0.00* 0 Apr 19, 2022 Class A Common Stock 619 Direct F1, F5, 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 RSUs were granted on May 4, 2021 and became fully vested on April 19, 2022.
F3 The RSUs were granted on August 3, 2021 and became fully vested on April 19, 2022.
F4 The RSUs were granted on November 2, 2021 and became fully vested on April 19, 2022.
F5 The RSUs were granted on February 14, 2022 and became fully vested on April 19, 2022.
F6 The reporting person is party to a Nominee and Assignment Agreement with The Raine Group LLC ("Raine") pursuant to which he will be required to transfer the shares of the Issuer's Class A Common Stock underlying such RSUs to Raine upon settlement thereof. The reporting person disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the RSUs for purposes of Section 16 or for any other purpose.