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

Role: Chief Financial Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Stock symbol: DKNG
Transactions as of: Feb 28, 2023
Transactions value $: -$105,786
Form type: 4
Date filed: 3/2/2023, 08:37 PM
Previous filing: Feb 24, 2023
Next filing: Apr 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise		+12.6K	+2.07%		621K	Feb 28, 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$106K	-5.61K	-0.9%	$18.86	616K	Feb 28, 2023	Direct
holding	DKNG	Class A Common Stock						29.2K	Feb 28, 2023	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100K	Feb 28, 2023	Held by Park Family 2022 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70.8K	Feb 28, 2023	Held by Park Family 2022 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100K	Feb 28, 2023	Held by Park Family 2022 Grantor Retained Annuity Trust V

Showing 1 to 6 of 6 entries

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	+12.6K		$0.00	12.6K	Feb 28, 2023	Class A Common Stock	12.6K		Direct	F1, F2
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-12.6K	-100%	$0.00^*	0	Feb 28, 2023	Class A Common Stock	12.6K		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 ("RSUs") other than to satisfy withholding taxes. The Reporting Person received the net of the 12,585 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,609 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 satisfy withholding taxes. The Reporting Person received the net of the 12,585 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,609 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.