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

Role: Director
Signature: /s/ Frank Castellucci, attorney-in-fact
Stock symbol: DKNG
Transactions as of: Aug 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/3/2023, 08:02 PM
Previous filing: May 4, 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		+573	+1.17%		49.7K	Aug 1, 2023	Direct	F1
holding	DKNG	Class A Common Stock						6.56M	Aug 1, 2023	Held by Atlas Venture Fund VIII, L.P.	F2
holding	DKNG	Class A Common Stock						766K	Aug 1, 2023	Held by Accomplice Fund I, L.P.	F3
holding	DKNG	Class A Common Stock						148K	Aug 1, 2023	Held by Accomplice Management Holdings, LLC	F4
holding	DKNG	Class A Common Stock						280K	Aug 1, 2023	Held by Accomplice Fund II, L.P.	F5

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	+573		$0.00	573	Aug 1, 2023	Class A Common Stock	573		Direct	F1, F6, F7, F8
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-573	-100%	$0.00^*	0	Aug 1, 2023	Class A Common Stock	573		Direct	F1, F6, F7, F8
transaction	DKNG	Restricted Stock Units	Award	$0	+6.34K		$0.00	6.34K	Aug 1, 2023	Class A Common Stock	6.34K		Direct	F6, F9, F10

* 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	The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Atlas Venture Fund VIII, L.P. ("Atlas VIII"). Atlas Venture Associates VIII, L.P. ("Atlas Assoc VIII LP") is the sole general partner of Atlas VIII. Atlas Venture Associates VIII, Inc. ("Atlas Venture VIII Inc.") is the sole general partner of Atlas Assoc VIII LP Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16 of the Exchange Act ("Section 16"), except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3	The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Fund I, L.P. ("ACC I"). Accomplice Associates I, LLC ("ACC Assoc I") is the sole general partner of ACC I. Mr. Moore is a Managing Member of ACC Assoc I. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4	The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Management Holdings, LLC ("ACC Holdings"). Mr. Moore is a Class A Member of ACC Holdings. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F5	The shares of Class A Common Stock and warrants to purchase Class A Common Stock are, in each case, held directly by Accomplice Fund II, L.P. ("ACC II"). Accomplice Associates II, LLC ("ACC Assoc II") is the sole general partner of ACC II. Mr. Moore is a Managing Member of ACC Assoc II. Mr. Moore disclaims beneficial ownership of all shares of Class A Common Stock for purposes of Section 16, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed to be an admission that Mr. Moore is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7	Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F8	The RSUs were granted and became fully vested on August 1, 2023.
F9	Represents annual equity grant.
F10	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.