Jason Park - 01 Sep 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Sep 2023
Net transactions value
-$202,323
Form type
4
Filing time
01 Sep 2023, 20:02:26 UTC
Previous filing
23 Aug 2023
Next filing
24 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +14,117 +6% 249,797 01 Sep 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $202,323 -6,826 -2.7% $29.64 242,971 01 Sep 2023 Direct
holding DKNG Class A Common Stock 42,689 01 Sep 2023 Held by Park Family 2022 Grantor Retained Annuity Trust III
holding DKNG Class A Common Stock 100,000 01 Sep 2023 Held by Park Family 2021 Grantor Retained Annuity Trust V

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 -14,117 -6.7% $0.000000 197,647 01 Sep 2023 Class A Common Stock 14,117 Direct F1, F2
* 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 14,117 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,826 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 On February 13, 2023, the Reporting Person was granted 225,882 RSUs vesting quarterly over four (4) years.