Matthew Kalish - Aug 4, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 4, 2023
Transactions value $
-$9,650,529
Form type
4
Date filed
8/4/2023, 06:30 PM
Previous filing
Jul 25, 2023
Next filing
Aug 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $1.02M +311K +11.16% $3.29* 3.1M Aug 4, 2023 Direct F1
transaction DKNG Class A Common Stock Sale -$10.7M -311K -10.04% $34.30 2.79M Aug 4, 2023 Direct F2, F3
holding DKNG Class A Common Stock 258K Aug 4, 2023 Held by Matthew P. Kalish 2020 Trust
holding DKNG Class A Common Stock 196K Aug 4, 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 Stock Option Options Exercise $0 -311K -56.24% $0.00 242K Aug 4, 2023 Class A Common Stock 311K $3.29 Direct F1, F4
* 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 The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.20 to $34.47, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3 to this Form 4.
F4 These options are vested and currently exercisable.

Remarks:

President - DraftKings, North America