R. Stanton Dodge - Apr 23, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Apr 23, 2023
Transactions value $
-$48,773
Form type
4
Date filed
4/25/2023, 08:30 PM
Previous filing
Mar 24, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +3.57K +0.59% 612K Apr 23, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$34.3K -1.56K -0.26% $21.97 610K Apr 23, 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +1.5K +0.25% 612K Apr 23, 2023 Direct F2
transaction DKNG Class A Common Stock Tax liability -$14.5K -659 -0.11% $21.97 611K Apr 23, 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 -3.57K -20% $0.00 14.3K Apr 23, 2023 Class A Common Stock 3.57K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -1.5K -100% $0.00* 0 Apr 23, 2023 Class A Common Stock 1.5K Direct F2, 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 3,566 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,561 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,504 shares of Class A Common Stock underlying the RSUs listed in Table II, and 659 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.
F3 On August 11, 2020, the Reporting Person was granted 57,045 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.
F4 On February 9, 2022, the Reporting Person was granted 18,118 RSUs vesting in twelve (12) equal monthly installments from April 23, 2022.