Matthew Kalish - 22 Feb 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
22 Feb 2023
Net transactions value
-$30,818
Form type
4
Filing time
24 Feb 2023, 19:01:50 UTC
Previous filing
03 Mar 2023
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +5,317 +0.2% 2,683,595 22 Feb 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $30,818 -1,578 -0.06% $19.53 2,682,017 22 Feb 2023 Direct
holding DKNG Class A Common Stock 257,722 22 Feb 2023 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196,279 22 Feb 2023 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 Restricted Stock Units Options Exercise $0 -5,317 -11% $0.000000 42,539 22 Feb 2023 Class A Common Stock 5,317 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,578 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 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President - DraftKings, North America