Jocelyn Moore - Aug 1, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/3/2023, 08:01 PM
Previous filing
Jul 24, 2023
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +514 514 Aug 1, 2023 Direct F1, F2
holding DKNG Class A Common Stock 27.6K Aug 1, 2023 The Mustard Seed Living Trust 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 Restricted Stock Units Award $0 +514 $0.00 514 Aug 1, 2023 Class A Common Stock 514 Direct F1, F3, F4, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -514 -100% $0.00* 0 Aug 1, 2023 Class A Common Stock 514 Direct F1, F3, F4, F5
transaction DKNG Restricted Stock Units Award $0 +6.34K $0.00 6.34K Aug 1, 2023 Class A Common Stock 6.34K Direct F3, F6, F7
* 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").
F2 Reflects the transfer of 27,568 shares of the Issuer's Class A Common Stock previously reported as directly owned by the Reporting Person to The Mustard Seed Living Trust, a revocable living trust of which the Reporting Person is the sole lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Common Stock in connection with the transfer.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F5 The RSUs were granted and became fully vested on August 1, 2023.
F6 Represents annual equity grant.
F7 The RSUs were granted on August 1, 2023 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2024 and the first anniversary of the grant date.