Erik Bradbury - Mar 1, 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
Mar 1, 2023
Transactions value $
-$8,281
Form type
4
Date filed
3/3/2023, 07:10 PM
Previous filing
Feb 24, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +964 +3.38% 29.5K Mar 1, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$8.28K -452 -1.53% $18.32 29K Mar 1, 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 -964 -7.69% $0.00 11.6K Mar 1, 2023 Class A Common Stock 964 Direct F1, F2
transaction DKNG Restricted Stock Units Award $0 +12.8K $0.00 12.8K Mar 1, 2023 Class A Common Stock 12.8K Direct F3, F4
* 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 964 shares of Class A Common Stock underlying the RSUs listed in Table II, and 452 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 March 1, 2022, the Reporting Person was granted 15,422 RSUs vesting quarterly over 4 years.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 On March 1, 2023, the Reporting Person was granted 12,841 RSUs vesting quarterly over 4 years.