Jason Park - 09 Nov 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: 09 Nov 2022
Net transactions value: -$80,291
Form type: 4
Filing time: 14 Nov 2022, 19:01:31 UTC
Previous filing: 25 Oct 2022
Next filing: 25 Nov 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		+15,428	+3.7%		429,820	09 Nov 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$80,291	-6,886	-1.6%	$11.66	422,934	09 Nov 2022	Direct
holding	DKNG	Class A Common Stock						29,174	09 Nov 2022	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100,000	09 Nov 2022	Held by Park Family 2021 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70,826	09 Nov 2022	Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100,000	09 Nov 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	-15,428	-7.1%	$0.000000	200,567	09 Nov 2022	Class A Common Stock	15,428		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 15,428 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,886 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 246,852 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 15,428 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,886 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 246,852 RSUs vesting quarterly over four (4) years.