Jason Park - Dec 29, 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: Dec 29, 2022
Transactions value $: $235,000
Form type: 4
Date filed: 12/30/2022, 07:00 PM
Previous filing: Nov 25, 2022
Next filing: Jan 25, 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	$235K	+50K	+11.78%	$4.70^*	474K	Dec 29, 2022	Direct	F1
holding	DKNG	Class A Common Stock						29.2K	Dec 29, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100K	Dec 29, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70.8K	Dec 29, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100K	Dec 29, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust V

Showing 1 to 5 of 5 entries

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	-50K	-10.52%	$0.00	425K	Dec 29, 2022	Class A Common Stock	50K	$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.