Jason Park - 22 Feb 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
22 Feb 2024
Net transactions value
-$32,631
Form type
4
Filing time
23 Feb 2024, 20:02:38 UTC
Previous filing
14 Feb 2024
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2,658 +0.98% 272,969 22 Feb 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $32,631 -799 -0.29% $40.84 272,170 22 Feb 2024 Direct
holding DKNG Class A Common Stock 42,689 22 Feb 2024 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 -2,658 -20% $0.000000 10,635 22 Feb 2024 Class A Common Stock 2,658 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 2,658 shares of Class A Common Stock underlying the RSUs listed in Table II, and 799 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 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.