Jason Park - Oct 23, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Oct 23, 2023
Transactions value $
-$63,112
Form type
4
Date filed
10/24/2023, 08:01 PM
Previous filing
Sep 1, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +4.64K +1.35% 348K Oct 23, 2023 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability -$63.1K -2.24K -0.64% $28.15 345K Oct 23, 2023 Direct
holding DKNG Class A Common Stock 42.7K Oct 23, 2023 Held by Park Family 2022 Grantor Retained Annuity Trust III

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 -4.64K -33.33% $0.00 9.27K Oct 23, 2023 Class A Common Stock 4.64K Direct F1, F3
* 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 4,635 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,242 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 Reflects the transfer of 100,000 shares of Class A Common Stock previously reported as indirectly held by the Park Family 2022 Grantor Retained Annuity Trust V to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F3 On August 11, 2020, the Reporting Person was granted 74,158 RSUs vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.