Erik Bradbury - Dec 1, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Dec 1, 2022
Transactions value $
-$7,015
Form type
4
Date filed
12/2/2022, 07:00 PM
Previous filing
Nov 25, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +964 +16.2% 6.92K Dec 1, 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability -$7.02K -452 -6.54% $15.52 6.46K Dec 1, 2022 Direct

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 -964 -7.14% $0.00 12.5K Dec 1, 2022 Class A Common Stock 964 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 964 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 452 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On March 1, 2022, the Reporting Person was granted 15,422 restricted stock units vesting quarterly over 4 years.