Matthew Kalish - Dec 31, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, DraftKings North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Dec 31, 2022
Transactions value $
$159,276
Form type
4
Date filed
1/4/2023, 07:01 PM
Previous filing
Nov 25, 2022
Next filing
Jan 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $91.3K +27.7K +1.1% $3.29* 2.56M Dec 31, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise $59K +93.6K +3.66% $0.63* 2.65M Dec 31, 2022 Direct F1
transaction DKNG Class A Common Stock Options Exercise $9K +1.91K +0.07% $4.70* 2.65M Dec 31, 2022 Direct F1
holding DKNG Class A Common Stock 258K Dec 31, 2022 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196K Dec 31, 2022 Held by Kalish Family 2020 Irrevocable Trusts

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 -27.7K -4.77% $0.00 553K Dec 31, 2022 Class A Common Stock 27.7K $3.29 Direct F1, F2
transaction DKNG Stock Option Options Exercise $0 -93.6K -100% $0.00* 0 Dec 31, 2022 Class A Common Stock 93.6K $0.63 Direct F1, F2
transaction DKNG Stock Option Options Exercise $0 -1.91K -0.64% $0.00 299K Dec 31, 2022 Class A Common Stock 1.91K $4.70 Direct F1, F3
* 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 options are vested and currently exercisable.
F3 These stock options were granted on June 4, 2019. As of the date hereof, 261,097 of such remaining stock options have vested. The remaining stock options will vest on June 1, 2023.

Remarks:

President, DraftKings North America