Jason Park - 19 May 2023 Form 4/A - Amendment Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
19 May 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
25 Jul 2023, 20:00:30 UTC
Date Of Original Report
23 May 2023
Previous filing
10 May 2023
Next filing
02 Jun 2023
SEC
View on sec.gov

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 -5% $0.000000 404,173 19 May 2023 Class A Common Stock 21,302 $4.70 Direct F1, F2, 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 These stock options were granted on June 4, 2019. As of the date hereof, all of such remaining stock options have vested.
F3 This Form 4/A is being filed to correct the number of derivative securities beneficially owned by the Reporting Person following the reported transaction. The original Form 4, filed on May 23, 2023 (the "Original Form 4") erroneously reported 0 derivative securities remaining. The corrected number of derivative securities remaining following this transaction is 404,173. This Form 4/A also amends the Original Form 4 by noting in footnote 2 to this Form 4/A above (footnote 8 to the Original Form 4) that all of such remaining stock options have vested, but have not yet been exercised. Other than as described in this footnote, there are no other changes from the Original Form 4, including the transactions triggering the Original Form 4.