Matthew Kalish - 08 May 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President - DraftKings, North America, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
08 May 2024
Net transactions value
-$502,563
Form type
4
Filing time
10 May 2024, 20:03:02 UTC
Previous filing
24 Apr 2024
Next filing
23 May 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 $100,119 +21,302 +0.62% $4.70 3,437,638 08 May 2024 Direct F1
transaction DKNG Class A Common Stock Options Exercise +28,309 +0.82% 3,465,947 09 May 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $602,683 -13,688 -0.39% $44.03 3,452,259 09 May 2024 Direct
holding DKNG Class A Common Stock 196,279 08 May 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 Stock Option Options Exercise $0 -21,302 -3% $0.000000 684,038 08 May 2024 Class A Common Stock 21,302 $4.70 Direct F3
transaction DKNG Restricted Stock Units Options Exercise $0 -28,309 -13% $0.000000 198,161 09 May 2024 Class A Common Stock 28,309 Direct F2, F4
* 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 upon the exercise of stock options and payment of the aggregate exercise price in cash.
F2 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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.
F3 These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested. On January 4, 2023, the Reporting Person's options were reported on a disaggregated basis, excluding 406,671 options from the Reporting Person's beneficial holdings on Column 9 previously reported on May 9, 2022. The number of options in Column 9 now reflects the aggregated beneficial holdings of the Reporting Person.
F4 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Remarks:

President - DraftKings, North America