Erik Bradbury - Jan 1, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jan 1, 2023
Transactions value $
-$1,469
Form type
4
Date filed
1/4/2023, 07:01 PM
Previous filing
Dec 2, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +246 +3.81% 6.71K Jan 1, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$1.47K -129 -1.92% $11.39 6.58K Jan 1, 2023 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 -246 -12.5% $0.00 1.72K Jan 1, 2023 Class A Common Stock 246 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 ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 246 shares of Class A Common Stock underlying the RSUs listed in Table II, with 129 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On September 10, 2020, the Reporting Person was granted 3,937 RSUs with 25% of the RSUs vesting on October 1, 2021 (the "Vesting Date"), and the remaining 75% of the RSUs vesting in equal quarterly installments until the third anniversary of the Vesting Date.