| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DKNG | Class A Common Stock | Sale | -$8.98M | -369K | -11.82% | $24.32 | 2.75M | May 8, 2023 | Direct | F2, F3 |
| transaction | DKNG | Class A Common Stock | Options Exercise | +28.3K | +1.03% | 2.78M | May 9, 2023 | Direct | F1 | ||
| transaction | DKNG | Class A Common Stock | Tax liability | -$307K | -12.6K | -0.45% | $24.38 | 2.77M | May 9, 2023 | Direct | |
| holding | DKNG | Class A Common Stock | 258K | May 8, 2023 | Held by Matthew P. Kalish 2020 Trust | ||||||
| holding | DKNG | Class A Common Stock | 196K | May 8, 2023 | Held by Kalish Family 2020 Irrevocable Trusts |
| 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 | -28.3K | -8.33% | $0.00 | 311K | May 9, 2023 | Class A Common Stock | 28.3K | Direct | F1, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 12,576 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 reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.20 to $24.92, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4. |
| F4 | On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years. |
President - DraftKings, North America