Jason Park - 09 Nov 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
09 Nov 2023
Net transactions value
-$259,683
Form type
4
Filing time
13 Nov 2023, 20:03:12 UTC
Previous filing
24 Oct 2023
Next filing
24 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 +15,428 +4.5% 360,792 09 Nov 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $259,683 -7,460 -2.1% $34.81 353,332 09 Nov 2023 Direct
holding DKNG Class A Common Stock 42,689 09 Nov 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 -15,428 -10% $0.000000 138,854 09 Nov 2023 Class A Common Stock 15,428 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 15,428 shares of Class A Common Stock underlying the RSUs listed in Table II, and 7,460 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 9, 2022, the Reporting Person was granted 246,852 RSUs vesting quarterly over four (4) years.