Jason Robins - 29 Dec 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
29 Dec 2022
Net transactions value
+$2,702,191
Form type
4
Filing time
30 Dec 2022, 19:00:40 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 $1,151,500 +350,000 +7.5% $3.29* 5,021,155 29 Dec 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise $248,636 +394,660 +7.9% $0.6300* 5,415,815 29 Dec 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise $1,302,055 +277,033 +5.1% $4.70* 5,692,848 29 Dec 2022 Direct F1
holding DKNG Class A Common Stock 83,000 29 Dec 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 Stock Option Options Exercise $0 -350,000 -5.1% $0.000000 6,512,289 29 Dec 2022 Class A Common Stock 350,000 $3.29 Direct F1, F3, F4
transaction DKNG Stock Option Options Exercise $0 -394,660 -100% $0.000000* 0 29 Dec 2022 Class A Common Stock 394,660 $0.6300 Direct F1, F3, F5
transaction DKNG Stock Option Options Exercise $0 -277,033 -66% $0.000000 140,037 29 Dec 2022 Class A Common Stock 277,033 $4.70 Direct F1, F2, F6
holding DKNG Stock Option 892,264 29 Dec 2022 Class A Common Stock 892,264 $0.6300 Held by Robins Grantor Retained Annuity Trust 2020 F3, F5
* 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, none of such remaining stock options have vested. The remaining stock options will vest in two (2) equal quarterly installments beginning on March 1, 2023.
F3 The options are vested and currently exercisable.
F4 Reflects the transfer of 6,862,289 stock options previously reported as indirectly held by the Robins September 2020 Grantor Retained Annuity Trust to the Reporting Person directly, which transfer was completed prior to the exercise reported above.
F5 Reflects the transfer of 394,660 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust 2020 to the Reporting Person directly.
F6 Reflects the transfer of 67,066 stock options previously reported as indirectly held by the Robins September 2020 Grantor Retained Annuity Trust to the Reporting Person directly.

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.