Jason Park - 23 Jul 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Chief Financial Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 23 Jul 2023
Net transactions value: -$69,650
Form type: 4
Filing time: 25 Jul 2023, 20:02:16 UTC
Previous filing: 02 Jun 2023
Next filing: 10 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		+4,634	+2.1%		228,579	23 Jul 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$69,650	-2,241	-0.98%	$31.08	226,338	23 Jul 2023	Direct
holding	DKNG	Class A Common Stock						42,689	23 Jul 2023	Held by Park Family 2022 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						100,000	23 Jul 2023	Held by Park Family 2022 Grantor Retained Annuity Trust V

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	-4,634	-25%	$0.000000	13,905	23 Jul 2023	Class A Common Stock	4,634		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 4,634 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,241 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 74,158 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.

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 4,634 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,241 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 August 11, 2020, the Reporting Person was granted 74,158 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.