Jason Park - Nov 22, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Nov 22, 2022
Transactions value $
-$17,466
Form type
4
Date filed
11/25/2022, 07:04 PM
Previous filing
Nov 14, 2022
Next filing
Dec 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.66K +0.63% 426K Nov 22, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$17.5K -1.19K -0.28% $14.69 424K Nov 22, 2022 Direct
holding DKNG Class A Common Stock 29.2K Nov 22, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust
holding DKNG Class A Common Stock 100K Nov 22, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust III
holding DKNG Class A Common Stock 70.8K Nov 22, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding DKNG Class A Common Stock 100K Nov 22, 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 -2.66K -10% $0.00 23.9K Nov 22, 2022 Class A Common Stock 2.66K 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 1,189 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.