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

Role
Officer, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Sep 1, 2023
Transactions value $
-$537,432
Form type
4
Date filed
9/1/2023, 08:02 PM
Previous filing
Aug 23, 2023
Next filing
Oct 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +37.5K +0.99% 3.83M Sep 1, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$537K -18.1K -0.47% $29.64 3.81M Sep 1, 2023 Direct
holding DKNG Class A Common Stock 587K Sep 1, 2023 Held by the Concord Trust Company LLC TR UA (04/21/2020) Jason Robins 2020 Trust
holding DKNG Class A Common Stock 83K Sep 1, 2023 Held by the Robins Family GST Trust 2021

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 -37.5K -6.67% $0.00 525K Sep 1, 2023 Class A Common Stock 37.5K 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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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 600,000 RSUs vesting quarterly over four (4) years.

Remarks:

Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.