R. Stanton Dodge - Aug 22, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 22, 2023
Transactions value $
-$53,035
Form type
4
Date filed
8/23/2023, 08:02 PM
Previous filing
Aug 10, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.45K +0.38% 643K Aug 22, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$29.2K -1.07K -0.17% $27.24 641K Aug 22, 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +1.96K +0.31% 643K Aug 23, 2023 Direct F2
transaction DKNG Class A Common Stock Tax liability -$23.9K -858 -0.13% $27.81 643K Aug 23, 2023 Direct

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 -2.45K -14.29% $0.00 14.7K Aug 22, 2023 Class A Common Stock 2.45K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -1.96K -11.11% $0.00 15.7K Aug 23, 2023 Class A Common Stock 1.96K Direct F2, F4
* 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 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 1,071 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,961 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 858 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.
F3 On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years.
F4 On April 28, 2023, the Reporting Person was granted 9,412 RSUs vesting in equal monthly installments over one (1) year from April 23, 2023. Further, on April 28, 2023, the vesting terms of an additional 14,119 RSUs previously granted to the Reporting Person on February 13, 2023 were amended to provide that such RSUs will vest on the same schedule.