R. Stanton Dodge - Jul 23, 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
Jul 23, 2022
Transactions value $
-$30,240
Form type
4
Date filed
7/26/2022, 08:00 PM
Previous filing
Jul 6, 2022
Next filing
Aug 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +3.57K +1.07% 337K Jul 23, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$21.2K -1.57K -0.46% $13.53 336K Jul 23, 2022 Direct
transaction DKNG Class A Common Stock Options Exercise +1.52K +0.45% 337K Jul 23, 2022 Direct F2
transaction DKNG Class A Common Stock Tax liability -$9.05K -669 -0.2% $13.53 336K Jul 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 -3.57K -12.5% $0.00 25K Jul 23, 2022 Class A Common Stock 3.57K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -1.52K -10.1% $0.00 13.6K Jul 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 3,565 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,566 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 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 1,522 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 669 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.
F3 On August 11, 2020, the Reporting Person was granted 57,045 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.
F4 On February 9, 2022, the Reporting Person was granted 18,118 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2022.