Jason Robins - Nov 9, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Nov 9, 2022
Transactions value $
-$198,138
Form type
4
Date filed
11/14/2022, 07:01 PM
Previous filing
Oct 25, 2022
Next filing
Nov 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 +38.2K +0.82% 4.68M Nov 9, 2022 Direct F1, F3
transaction DKNG Class A Common Stock Tax liability -$198K -17K -0.36% $11.66 4.67M Nov 9, 2022 Direct
holding DKNG Class A Common Stock 83K Nov 9, 2022 Held by the Robins Family GST Trust 2021

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 -38.2K -7.14% $0.00 497K Nov 9, 2022 Class A Common Stock 38.2K 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 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 16,993 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.
F3 Reflects the transfer of 141,092 shares of Class A Common Stock to the Reporting Person previously reported as indirectly held by the Reporting Person through the Robins September 2020 Grantor Retained Annual Trust, of which the Reporting Person serves as the Trustee and is the sole annuitant. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.

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.