| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DKNG | Class A Common Stock | Sale | -$2.43M | -100K | -1.68% | $24.34 | 5.86M | May 8, 2023 | Direct | F2, F3 |
| transaction | DKNG | Class A Common Stock | Sale | -$2.43M | -100K | -1.71% | $24.34 | 5.76M | May 8, 2023 | Direct | F2, F4 |
| transaction | DKNG | Class A Common Stock | Options Exercise | +38.2K | +0.66% | 5.8M | May 9, 2023 | Direct | F1 | ||
| transaction | DKNG | Class A Common Stock | Tax liability | -$414K | -17K | -0.29% | $24.38 | 5.78M | May 9, 2023 | Direct | |
| holding | DKNG | Class A Common Stock | 83K | May 8, 2023 | Held by the Robins Family GST Trust 2021 |
| 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 | -38.2K | -8.33% | $0.00 | 420K | May 9, 2023 | Class A Common Stock | 38.2K | Direct | F1, F5 |
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 38,217 shares of Class A Common Stock underlying the RSUs listed in Table II, and 16,971 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 sales were 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 $23.94 to $24.81, 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 footnotes 3 and 4 to this Form 4. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.99 to $24.87, inclusive. See the last sentence of footnote 3 to this Form 4 above. |
| F5 | On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years. |
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.