Erik Bradbury - Feb 24, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Feb 24, 2023
Transactions value $
-$1,673
Form type
4
Date filed
2/24/2023, 07:00 PM
Previous filing
Feb 24, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +196 +0.69% 28.6K Feb 24, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$1.67K -92 -0.32% $18.19 28.5K Feb 24, 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 -196 -11.14% $0.00 1.56K Feb 24, 2023 Class A Common Stock 196 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 196 shares of Class A Common Stock underlying the RSUs listed in Table II, and 92 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 February 24, 2021, the Reporting Person was granted 3,127 RSUs vesting quarterly over 4 years.