Jason Park - 29 Dec 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
29 Dec 2022
Net transactions value
+$235,000
Form type
4
Filing time
30 Dec 2022, 19:00:30 UTC
Previous filing
25 Nov 2022
Next filing
25 Jan 2023
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 $235,000 +50,000 +12% $4.70* 474,404 29 Dec 2022 Direct F1
holding DKNG Class A Common Stock 29,174 29 Dec 2022 Held by Park Family 2021 Grantor Retained Annuity Trust
holding DKNG Class A Common Stock 100,000 29 Dec 2022 Held by Park Family 2021 Grantor Retained Annuity Trust III
holding DKNG Class A Common Stock 70,826 29 Dec 2022 Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding DKNG Class A Common Stock 100,000 29 Dec 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 Stock Option Options Exercise $0 -50,000 -11% $0.000000 425,475 29 Dec 2022 Class A Common Stock 50,000 $4.70 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price and the tax withholdings in cash
F2 These stock options were granted on June 4, 2019. As of the date hereof, 359,171 of such remaining stock options have vested. The remaining stock options will vest in two (2) equal quarterly installments beginning March 4, 2023.