Jason Robins - Feb 28, 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: Feb 28, 2023
Transactions value $: -$212,684
Form type: 4
Date filed: 3/2/2023, 08:17 PM
Previous filing: Feb 24, 2023
Next filing: Mar 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise		+26.9K	+0.47%		5.76M	Feb 28, 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$213K	-11.3K	-0.2%	$18.86	5.75M	Feb 28, 2023	Direct
holding	DKNG	Class A Common Stock						83K	Feb 28, 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	Award	$0	+26.9K		$0.00	26.9K	Feb 28, 2023	Class A Common Stock	26.9K		Direct	F1, F2
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-26.9K	-100%	$0.00^*	0	Feb 28, 2023	Class A Common Stock	26.9K		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 26,895 shares of Class A Common Stock underlying the RSUs listed in Table II, and 11,277 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	The RSUs were granted and became fully vested on February 28, 2023.

Content

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 26,895 shares of Class A Common Stock underlying the RSUs listed in Table II, and 11,277 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 .

The RSUs were granted and became fully vested on February 28, 2023.

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.