Jason Park - 22 Aug 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: 22 Aug 2022
Net transactions value: -$20,343
Form type: 4
Filing time: 24 Aug 2022, 20:01:19 UTC
Previous filing: 11 Aug 2022
Next filing: 25 Oct 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		+2,659	+0.65%		413,009	22 Aug 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$20,343	-1,180	-0.29%	$17.24	411,829	22 Aug 2022	Direct
holding	DKNG	Class A Common Stock						29,174	22 Aug 2022	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100,000	22 Aug 2022	Held by Park Family 2021 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70,826	22 Aug 2022	Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100,000	22 Aug 2022	Held by Park Family 2021 Grantor Retained Annuity Trust V

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	-2,659	-9.1%	$0.000000	26,587	22 Aug 2022	Class A Common Stock	2,659		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 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,180 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 42,539 RSUs vesting quarterly over 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 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,180 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 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.