Ryan R. Moore - May 3, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Frank Castellucci, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 3, 2022
Transactions value $
$0
Form type
4
Date filed
5/4/2022, 08:05 PM
Previous filing
Feb 16, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +1.04K +3.41% 31.6K May 3, 2022 Direct F1
holding DKNG Class A Common Stock 6.56M May 3, 2022 Held by Atlas Venture Fund VIII, L.P. F2
holding DKNG Class A Common Stock 766K May 3, 2022 Held by Accomplice Fund I, L.P. F3
holding DKNG Class A Common Stock 148K May 3, 2022 Held by Accomplice Management Holdings, LLC F4
holding DKNG Class A Common Stock 280K May 3, 2022 Held by Accomplice Fund II, L.P. F5

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 Award $0 +1.04K $0.00 1.04K May 3, 2022 Class A Common Stock 1.04K Direct F1, F6, F7, F8
transaction DKNG Restricted Stock Units Options Exercise $0 -1.04K -100% $0.00* 0 May 3, 2022 Class A Common Stock 1.04K Direct F1, F6, F7, F8
transaction DKNG Restricted Stock Units Award $0 +13.3K $0.00 13.3K May 3, 2022 Class A Common Stock 13.3K Direct F6, F9, F10
* 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").
F2 The shares are held directly by Atlas Venture Fund VIII, L.P. Atlas VIII. Atlas Venture Associates VIII, L.P. is the sole general partner of Atlas VIII. Atlas Venture Associates VIII, Inc. is the sole general partner of Atlas Venture Associates VIII, L.P. 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.
F3 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.
F4 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.
F5 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.
F6 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7 Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F8 The RSUs were granted and became fully vested on May 3, 2022.
F9 Represents annual equity grant.
F10 The RSUs were granted on May 3, 2022 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2023 and the first anniversary of the grant date.