Jason Robins - 01 Jun 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Officer, Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 01 Jun 2023
Net transactions value: -$442,965
Form type: 4
Filing time: 02 Jun 2023, 20:06:51 UTC
Previous filing: 23 May 2023
Next filing: 30 Jun 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		+37,500	+0.71%		5,346,765	01 Jun 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$442,965	-18,132	-0.34%	$24.43	5,328,633	01 Jun 2023	Direct
holding	DKNG	Class A Common Stock						83,000	01 Jun 2023	Held by the Robins Family GST Trust 2021

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	-37,500	-6.2%	$0.000000	562,500	01 Jun 2023	Class A Common Stock	37,500		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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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 600,000 RSUs vesting quarterly over four (4) years.

Content

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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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.

On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years.

Remarks:

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.