R. Stanton Dodge - May 22, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 22, 2022
Transactions value $
-$24,394
Form type
4
Date filed
5/24/2022, 08:00 PM
Previous filing
May 13, 2022
Next filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.45K +0.74% 333K May 22, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$15.1K -1.07K -0.32% $14.03 332K May 22, 2022 Direct
transaction DKNG Class A Common Stock Options Exercise +1.52K +0.46% 333K May 23, 2022 Direct F2
transaction DKNG Class A Common Stock Tax liability -$9.33K -669 -0.2% $13.94 333K May 23, 2022 Direct

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 -2.45K -8.33% $0.00 26.9K May 22, 2022 Class A Common Stock 2.45K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -1.52K -8.4% $0.00 16.6K May 23, 2022 Class A Common Stock 1.52K Direct F2, F4
* 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") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,446 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,074 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,522 shares of Class A Common Stock underlying the RSUs listed in Table II, and 669 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years.
F4 On February 9, 2022, the Reporting Person was granted 18,118 RSUs vesting in twelve (12) equal monthly installments from April 23, 2022.