Jason Robins - 29 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
29 Jun 2023
Net transactions value
+$100,119
Form type
4
Filing time
30 Jun 2023, 20:01:26 UTC
Previous filing
02 Jun 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 $100,119 +21,302 +0.45% $4.70* 4,763,239 29 Jun 2023 Direct F1, F2
holding DKNG Class A Common Stock 586,696 29 Jun 2023 Held by the Concord Trust Company LLC TR UA (04/21/2020) Jason Robins 2020 Trust F2
holding DKNG Class A Common Stock 83,000 29 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 Stock Option Options Exercise $0 -21,302 -1.6% $0.000000 1,311,412 29 Jun 2023 Class A Common Stock 21,302 $4.70 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price and the tax withholdings in cash.
F2 Reflects the prior transfer of 586,696 shares of Common Stock previously reported as directly owned by the Reporting Person, which were previously transferred to the Concord Trust Company LLC TR UA (04/21/2020) Jason Robins 2020 Trust. There was no purchase or sale of shares of Common Stock in connection with the transfer.
F3 These stock options were granted on June 4, 2019. As of the date hereof, all of such remaining stock options have vested.
F4 Reflects the transfer of 1,192,737 stock options previously reported as indirectly held by the Robins December 2021 Grantor Retained Annuity Trust to the Reporting Person directly. Additionally, the reported amount reflects an adjustment to correct previous filings which overreported the Reporting Person's holdings by 60 stock options.

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.