Erik Bradbury - Sep 1, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Sep 1, 2023
Transactions value $
-$24,275
Form type
4
Date filed
9/1/2023, 08:01 PM
Previous filing
Aug 25, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +964 +3.83% 26.1K Sep 1, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$13.2K -447 -1.71% $29.64 25.7K Sep 1, 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +802 +3.12% 26.5K Sep 1, 2023 Direct F2
transaction DKNG Class A Common Stock Tax liability -$11K -372 -1.4% $29.64 26.1K Sep 1, 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 -964 -9.09% $0.00 9.64K Sep 1, 2023 Class A Common Stock 964 Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -802 -6.66% $0.00 11.2K Sep 1, 2023 Class A Common Stock 802 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 964 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 447 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 802 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 372 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 March 1, 2022, the Reporting Person was granted 15,422 RSUs vesting quarterly over 4 years.
F4 On March 1, 2023, the Reporting Person was granted 12,842 RSUs vesting quarterly over 4 years.