Jason Robins - 19 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
19 Mar 2024
Net transactions value
-$918,329
Form type
4
Filing time
21 Mar 2024, 20:01:16 UTC
Previous filing
12 Mar 2024
Next filing
24 Apr 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 +43,382 +1.3% 3,264,207 19 Mar 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $918,329 -20,976 -0.64% $43.78 3,243,231 19 Mar 2024 Direct
holding DKNG Class A Common Stock 90 19 Mar 2024 Held by Jason Robins Revocable Trust u/d/t January 8, 2014
holding DKNG Class A Common Stock 3,151 19 Mar 2024 Held by Robins Family Trust LLC
holding DKNG Class A Common Stock 83,000 19 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 $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Restricted Stock Units Award $0 +43,382 $0.000000 43,382 19 Mar 2024 Class A Common Stock 43,382 Direct F1, F2
transaction DKNG Restricted Stock Units Options Exercise $0 -43,382 -100% $0.000000* 0 19 Mar 2024 Class A Common Stock 43,382 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 43,382 shares of Class A Common Stock underlying the RSUs listed in Table II, and 20,976 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 The RSUs were granted and became fully vested on March 19, 2024.

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.