Jason Robins - 08 Mar 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Officer, Director
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 08 Mar 2024
Net transactions value: -$92,919
Form type: 4
Filing time: 12 Mar 2024, 20:03:01 UTC
Previous filing: 01 Mar 2024
Next filing: 21 Mar 2024
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		+3,610	+0.11%		3,221,811	08 Mar 2024	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$41,550	-986	-0.03%	$42.14	3,220,825	08 Mar 2024	Direct
transaction	DKNG	Class A Common Stock	Options Exercise		+125			125	08 Mar 2024	Held by Jason Robins Revocable Trust u/d/t January 8, 2014	F1
transaction	DKNG	Class A Common Stock	Tax liability	$1,475	-35	-28%	$42.14	90	08 Mar 2024	Held by Jason Robins Revocable Trust u/d/t January 8, 2014
transaction	DKNG	Class A Common Stock	Options Exercise		+4,335			4,335	08 Mar 2024	Held by Robins Family Trust LLC	F1
transaction	DKNG	Class A Common Stock	Tax liability	$49,894	-1,184	-27%	$42.14	3,151	08 Mar 2024	Held by Robins Family Trust LLC
holding	DKNG	Class A Common Stock						83,000	08 Mar 2024	Held by the Robins Family GST Trust 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DKNG	Warrant for Common Stock	Options Exercise	$0	-3,610	-100%	$0.000000^*	08 Mar 2024	Class A Common Stock	3,610	$11.50	Direct	F2
transaction	DKNG	Warrant for Common Stock	Options Exercise	$0	-125	-100%	$0.000000^*	08 Mar 2024	Class A Common Stock	125	$11.50	Held by Jason Robins Revocable Trust u/d/t January 8, 2014	F2
transaction	DKNG	Warrant for Common Stock	Options Exercise	$0	-4,335	-100%	$0.000000^*	08 Mar 2024	Class A Common Stock	4,335	$11.50	Held by Robins Family Trust LLC	F2

* 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 exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 8,070 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 2,205 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock.
F2	Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.

Content

The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 8,070 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 2,205 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock.

Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.

Remarks:

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.