Jason Park - 23 Jul 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Chief Financial Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 23 Jul 2022
Net transactions value: -$28,034
Form type: 4
Filing time: 26 Jul 2022, 20:01:23 UTC
Previous filing: 14 Jun 2022
Next filing: 11 Aug 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		+4,635	+1.2%		403,865	23 Jul 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$28,034	-2,072	-0.51%	$13.53	401,793	23 Jul 2022	Direct
holding	DKNG	Class A Common Stock						29,174	23 Jul 2022	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100,000	23 Jul 2022	Held by Park Family 2021 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70,826	23 Jul 2022	Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100,000	23 Jul 2022	Held by Park Family 2022 Grantor Retained Annuity Trust V	F3

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	-4,635	-13%	$0.000000	32,444	23 Jul 2022	Class A Common Stock	4,635		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 4,635 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,072 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 August 11, 2020, the Reporting Person was granted 74,158 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.
F3	Reflects the transfer of 100,000 shares of Common Stock previously reported as indirectly held by the Park Family 2021 Grantor Retained Annuity Trust II to the Reporting Person and subsequently contributed to the Park Family 2022 Grantor Retained Annuity Trust V, both of which the Reporting Person serves as the Trustee and is the sole annuitant. There was no purchase or sale of shares of Common Stock in connection with the transfer. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by the Park Family 2021 Grantor Retained Annuity Trust II and the Park Family 2022 Grantor Retained Annuity Trust V except to the extent of his pecuniary interest therein.