Woodrow Levin - May 3, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Stock symbol: DKNG
Transactions as of: May 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/4/2022, 08:08 PM
Previous filing: Apr 21, 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		+833	+3.45%		25K	May 3, 2022	Direct	F1
holding	DKNG	Class A Common Stock						10	May 3, 2022	Held by OneSix Red, LLC
holding	DKNG	Class A Common Stock						44.6K	May 3, 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	Award	$0	+833		$0.00	833	May 3, 2022	Class A Common Stock	833		Direct	F1, F3, F4, F5
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-833	-100%	$0.00^*	0	May 3, 2022	Class A Common Stock	833		Direct	F1, F3, F4, F5
transaction	DKNG	Restricted Stock Units	Award	$0	+13.3K		$0.00	13.3K	May 3, 2022	Class A Common Stock	13.3K		Direct	F3, F6, F7

* 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 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	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4	Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F5	The RSUs were granted and became fully vested on May 3, 2022.
F6	Represents annual equity grant.
F7	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.