R. Stanton Dodge - Jul 12, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jul 12, 2023
Transactions value $
-$5,735,804
Form type
4
Date filed
7/14/2023, 08:01 PM
Previous filing
Jul 5, 2023
Next filing
Jul 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $623K +211K +33.56% $2.95 840K Jul 12, 2023 Direct F1
transaction DKNG Class A Common Stock Sale -$6.36M -211K -25.13% $30.12 629K Jul 12, 2023 Direct F2

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 -211K -22.27% $0.00 737K Jul 12, 2023 Class A Common Stock 211K $2.95 Direct F1, F3
* 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 in cash.
F2 The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 26, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 These stock options were granted on November 7, 2017. As of the date hereof, all of such remaining stock options have vested.