Jason Robins - 09 Aug 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Officer, Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 09 Aug 2022
Net transactions value: -$303,736
Form type: 4
Filing time: 11 Aug 2022, 20:01:33 UTC
Previous filing: 26 Jul 2022
Next filing: 24 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		+38,217	+0.85%		4,512,920	09 Aug 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$303,736	-16,978	-0.38%	$17.89	4,495,942	09 Aug 2022	Direct
holding	DKNG	Class A Common Stock						83,000	09 Aug 2022	Held by the Robins Family GST Trust 2021
holding	DKNG	Class A Common Stock						141,092	09 Aug 2022	Held by Robins September 2020 Grantor Retained Annuity Trust

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	-38,217	-6.7%	$0.000000	535,034	09 Aug 2022	Class A Common Stock	38,217		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 ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,217 shares of Class A Common Stock underlying the RSUs listed in Table II, and 16,978 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	On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

Content

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 38,217 shares of Class A Common Stock underlying the RSUs listed in Table II, and 16,978 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.

On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.