Matthew Kalish - Mar 19, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Mar 19, 2024
Transactions value $
-$497,866
Form type
4
Date filed
3/21/2024, 08:03 PM
Previous filing
Mar 1, 2024
Next filing
Apr 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +23.5K +0.69% 3.42M Mar 19, 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability -$498K -11.4K -0.33% $43.78 3.41M Mar 19, 2024 Direct
holding DKNG Class A Common Stock 196K Mar 19, 2024 Held by Kalish Family 2020 Irrevocable Trusts

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 +23.5K $0.00 23.5K Mar 19, 2024 Class A Common Stock 23.5K Direct F1, F2
transaction DKNG Restricted Stock Units Options Exercise $0 -23.5K -100% $0.00* 0 Mar 19, 2024 Class A Common Stock 23.5K 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 23,520 shares of Class A Common Stock underlying the RSUs in Table II, and 11,372 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:

President - DraftKings, North America