Jason Park - Jun 10, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jun 10, 2022
Transactions value $
$231,719
Form type
4
Date filed
6/14/2022, 08:00 PM
Previous filing
May 24, 2022
Next filing
Jul 26, 2022
SEC
View on sec.gov

Transactions Table

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 Stock Option Options Exercise $0 -33.7K -6.61% $0.00 475K Jun 10, 2022 Class A Common Stock 33.7K $4.70 Direct F1, F2, F3
transaction DKNG Stock Option Options Exercise $0 -15.6K -100% $0.00* 0 Jun 10, 2022 Class A Common Stock 15.6K $4.70 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options originate from the Agreement and Plan of Merger, dated August 9, 2021, and in consummation of the relevant merger, each outstanding stock option to purchase DraftKings Inc. (now known as DraftKings Holdings Inc.) Class A Common Stock was converted into an equivalent stock option to purchase New Duke Holdco, Inc. (now known as DraftKings Inc.) Class A Common Stock.
F2 Represents the acquisition of Class A Common Stock that resulted from the exercise of stock options.
F3 These stock options were granted on June 4, 2019. As of the date hereof, 342,867 of such stock options have vested. The remaining stock options will vest in four (4) equal quarterly installments beginning September 4, 2022.
F4 These stock options are vested and exercisable as of the date hereof.