Matthew Kalish - 01 Jun 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Jun 2023
Net transactions value
-$260,570
Form type
4
Filing time
02 Jun 2023, 20:06:13 UTC
Previous filing
24 May 2023
Next filing
25 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +22,059 +0.8% 2,795,644 01 Jun 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $260,570 -10,666 -0.38% $24.43 2,784,978 01 Jun 2023 Direct
holding DKNG Class A Common Stock 257,722 01 Jun 2023 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196,279 01 Jun 2023 Held by Kalish Family 2020 Irrevocable Trusts

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 -22,059 -6.3% $0.000000 330,882 01 Jun 2023 Class A Common Stock 22,059 Direct F1, F2
* 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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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 February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years.

Remarks:

President, DraftKings, North America