Jason Park - Mar 1, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Mar 1, 2024
Transactions value $
-$290,432
Form type
4
Date filed
3/1/2024, 08:02 PM
Previous filing
Feb 23, 2024
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +14.1K +4.48% 329K Mar 1, 2024 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability -$290K -6.67K -2.03% $43.53 322K Mar 1, 2024 Direct
holding DKNG Class A Common Stock 0 Mar 1, 2024 Held by Park Family 2022 Grantor Retained Annuity Trust III F2

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 -14.1K -7.69% $0.00 169K Mar 1, 2024 Class A Common Stock 14.1K 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 14,118 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,672 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 42,689 shares of Class A Common Stock previously reported as indirectly held by the Park Family 2022 Grantor Retained Annuity Trust III to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F3 On February 13, 2023, the Reporting Person was granted 225,882 RSUs vesting quarterly over four (4) years.