Ryan R. Moore - May 2, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Frank Castellucci, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 2, 2023
Transactions value $
$0
Form type
4
Date filed
5/12/2023, 08:03 PM
Previous filing
Feb 16, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +822 +1.7% 49.2K May 2, 2023 Direct F1
holding DKNG Class A Common Stock 6.56M May 2, 2023 Held by Atlas Venture Fund VIII, L.P. F2
holding DKNG Class A Common Stock 766K May 2, 2023 Held by Accomplice Fund I, L.P. F3
holding DKNG Class A Common Stock 148K May 2, 2023 Held by Accomplice Management Holdings, LLC F4
holding DKNG Class A Common Stock 280K May 2, 2023 Held by Accomplice Fund II, L.P. F5

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 +822 $0.00 822 May 2, 2023 Class A Common Stock 822 Direct F1, F6, F7, F8
transaction DKNG Restricted Stock Units Options Exercise $0 -822 -100% $0.00* 0 May 2, 2023 Class A Common Stock 822 Direct F1, F6, F7, F8
* 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").
F2 The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Atlas Venture Fund VIII, L.P. ("Atlas VIII"). Atlas Venture Associates VIII, L.P. ("Atlas Assoc VIII LP") is the sole general partner of Atlas VIII. Atlas Venture Associates VIII, Inc. ("Atlas Venture VIII Inc.") is the sole general partner of Atlas Assoc VIII LP. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16 of the Exchange Act ("Section 16"), except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Fund I, L.P. ("ACC I"). Accomplice Associates I, LLC ("ACC Assoc I") is the sole general partner of ACC I. Mr. Moore is a Managing Member of ACC Assoc I. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4 The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Management Holdings, LLC ("ACC Holdings"). Mr. Moore is a Class A Member of ACC Holdings. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F5 The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Fund II, L.P. ("ACC II"). Accomplice Associates II, LLC ("ACC Assoc II") is the sole general partner of ACC II. Mr. Moore is a Managing Member of ACC Assoc II. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7 Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F8 The RSUs were granted and became fully vested on May 2, 2023.