Matthew Kalish - 12 May 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
12 May 2022
Net transactions value
-$143,262
Form type
4
Filing time
13 May 2022, 20:02:49 UTC
Previous filing
09 May 2022
Next filing
24 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +28,309 +1.1% 2,496,570 12 May 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability $143,262 -12,600 -0.5% $11.37 2,483,970 12 May 2022 Direct
holding DKNG Class A Common Stock 257,722 12 May 2022 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196,279 12 May 2022 Held by Kalish Family 2020 Irrevocable Trusts

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 -28,309 -6.3% $0.000000 424,631 12 May 2022 Class A Common Stock 28,309 Direct F1, F2
* 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 28,309 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 12,600 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Remarks:

President - DraftKings, North America