Matthew Kalish - Aug 22, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 22, 2022
Transactions value $
-$40,669
Form type
4
Date filed
8/24/2022, 08:00 PM
Previous filing
Aug 11, 2022
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +5.32K +0.21% 2.51M Aug 22, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$40.7K -2.36K -0.09% $17.24 2.51M Aug 22, 2022 Direct
holding DKNG Class A Common Stock 258K Aug 22, 2022 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196K Aug 22, 2022 Held by Kalish Family 2020 Irrevocable Trusts

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 -5.32K -9.09% $0.00 53.2K Aug 22, 2022 Class A Common Stock 5.32K 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,359 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 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President - DraftKings, North America