Matthew Kalish - 23 Jul 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
23 Jul 2023
Net transactions value
-$93,768
Form type
4
Filing time
25 Jul 2023, 20:01:44 UTC
Previous filing
02 Jun 2023
Next filing
04 Aug 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 +6,239 +0.22% 2,791,217 23 Jul 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $93,768 -3,017 -0.11% $31.08 2,788,200 23 Jul 2023 Direct
holding DKNG Class A Common Stock 257,722 23 Jul 2023 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196,279 23 Jul 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 -6,239 -25% $0.000000 18,718 23 Jul 2023 Class A Common Stock 6,239 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 6,239 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,017 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 August 11, 2020, the Reporting Person was granted 99,828 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President - DraftKings, North America