Jason Robins - Jan 23, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jan 23, 2023
Transactions value $
-$58,444
Form type
4
Date filed
1/25/2023, 07:01 PM
Previous filing
Dec 30, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +11.6K +0.2% 5.7M Jan 23, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$58.4K -4.01K -0.07% $14.56 5.7M Jan 23, 2023 Direct
holding DKNG Class A Common Stock 83K Jan 23, 2023 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 Restricted Stock Units Options Exercise $0 -11.6K -16.67% $0.00 57.9K Jan 23, 2023 Class A Common Stock 11.6K 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 11,587 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 4,014 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 On August 11, 2020, the Reporting Person was granted 185,396 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with the vesting of 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.

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.