| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DKNG | Class A Common Stock | Options Exercise | $1.01M | +215K | +5.62% | $4.70* | 4.03M | Nov 8, 2023 | Direct | F1 |
| transaction | DKNG | Class A Common Stock | Sale | -$17.9M | -500K | -12.4% | $35.83 | 3.53M | Nov 8, 2023 | Direct | F3, F4 |
| transaction | DKNG | Class A Common Stock | Options Exercise | +38.2K | +1.08% | 3.57M | Nov 9, 2023 | Direct | F2 | ||
| transaction | DKNG | Class A Common Stock | Tax liability | -$643K | -18.5K | -0.52% | $34.81 | 3.55M | Nov 9, 2023 | Direct | |
| holding | DKNG | Class A Common Stock | 0 | Nov 8, 2023 | Held by the IQ EQ Trust Company, U.S., LLC TR UA (04/21/2020) Jason Robins 2020 Trust | F5 | |||||
| holding | DKNG | Class A Common Stock | 83K | Nov 8, 2023 | Held by the Robins Family GST Trust 2021 |
| 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 | -215K | -16.36% | $0.00 | 1.1M | Nov 8, 2023 | Class A Common Stock | 215K | $4.70 | Direct | F6 |
| transaction | DKNG | Restricted Stock Units | Options Exercise | $0 | -38.2K | -10% | $0.00 | 344K | Nov 9, 2023 | Class A Common Stock | 38.2K | Direct | F2, F7 |
| 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 and the tax withholdings in cash. |
| F2 | 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 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 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. |
| F3 | The reported sales were 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. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.44 to $36.34, 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 range set forth in this footnote 3 to this Form 4. |
| F5 | As of October 31, 2023, Philip Robins no longer serves as Investment Advisor of the Jason Robins 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, Jason Robins 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 June 4, 2019. As of the date hereof, all of such remaining stock options have vested. |
| F7 | On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years. |
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.