Matthew Kalish - 03 Nov 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
03 Nov 2023
Net transactions value
-$3,371,264
Form type
4
Filing time
07 Nov 2023, 20:01:15 UTC
Previous filing
24 Oct 2023
Next filing
13 Nov 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 $10,535 +3,202 +0.11% $3.29* 2,823,384 03 Nov 2023 Direct F1
transaction DKNG Class A Common Stock Sale $109,508 -3,202 -0.11% $34.20 2,820,182 03 Nov 2023 Direct F2, F3
transaction DKNG Class A Common Stock Options Exercise $347,621 +105,660 +3.7% $3.29* 2,925,842 06 Nov 2023 Direct F1
transaction DKNG Class A Common Stock Sale $3,619,912 -105,660 -3.6% $34.26 2,820,182 06 Nov 2023 Direct F2, F4
holding DKNG Class A Common Stock 0 03 Nov 2023 Held by Matthew P. Kalish 2020 Trust F5
holding DKNG Class A Common Stock 196,279 03 Nov 2023 Held by Kalish Family 2020 Irrevocable Trusts

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 Stock Option Options Exercise $0 -3,202 -0.26% $0.000000 1,239,221 03 Nov 2023 Class A Common Stock 3,202 $3.29 Direct F6
transaction DKNG Stock Option Options Exercise $0 -105,660 -8.5% $0.000000 1,133,561 06 Nov 2023 Class A Common Stock 105,660 $3.29 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash.
F2 The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.20 to $34.21, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 and 4 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.20 to $34.41, inclusive. See the last sentence of footnote 3 to this Form 4.
F5 As of October 31, 2023, Chester Kalish no longer serves as Investment Advisor of the Matthew P. Kalish 2020 Trust (the "Trust") and IQ EQ Trust Company, U.S., LLC (the "Successor Investment Advisor") was appointed successor Investment Advisor of the Trust (the "Change in Investment Advisor"). Because Successor Investment Advisor now serves as Investment Advisor of the Trust, Matthew Kalish is no longer a reporting person for the shares held by the Trust. No consideration was paid in connection with the Change in Investment Advisor and, accordingly, the Trust continues to beneficially own the shares following the Change in Investment Advisor.
F6 These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.

Remarks:

President - DraftKings, North America