R. Stanton Dodge - Jan 23, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jan 23, 2023
Transactions value $
-$25,145
Form type
4
Date filed
1/25/2023, 07:00 PM
Previous filing
Dec 23, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +3.57K +0.99% 365K Jan 23, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$17.7K -1.21K -0.33% $14.56 364K Jan 23, 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +1.5K +0.41% 365K Jan 23, 2023 Direct F2
transaction DKNG Class A Common Stock Tax liability -$7.47K -513 -0.14% $14.56 365K Jan 23, 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 -3.57K -16.67% $0.00 17.8K Jan 23, 2023 Class A Common Stock 3.57K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -1.5K -25% $0.00 4.51K Jan 23, 2023 Class A Common Stock 1.5K Direct F2, F4
* 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 3,565 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,214 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,504 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 513 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 On August 11, 2020, the Reporting Person was granted 57,045 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.
F4 On February 9, 2022, the Reporting Person was granted 18,118 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2022.