Jason Robins - 28 Feb 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Officer, Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 28 Feb 2023
Net transactions value: -$212,684
Form type: 4
Filing time: 02 Mar 2023, 20:17:30 UTC
Previous filing: 24 Feb 2023
Next filing: 15 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		+26,895	+0.47%		5,758,415	28 Feb 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$212,684	-11,277	-0.2%	$18.86	5,747,138	28 Feb 2023	Direct
holding	DKNG	Class A Common Stock						83,000	28 Feb 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	+26,895		$0.000000	26,895	28 Feb 2023	Class A Common Stock	26,895		Direct	F1, F2
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-26,895	-100%	$0.000000^*	0	28 Feb 2023	Class A Common Stock	26,895		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.