Alan Wayne Ellingson - 01 Jun 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Jun 2024
Net transactions value
-$46,336
Form type
4
Filing time
04 Jun 2024, 20:14:45 UTC
Previous filing
24 May 2024
Next filing
02 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +1,606 +24% 8,395 01 Jun 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $16,581 -472 -5.6% $35.13 7,923 01 Jun 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +2,141 +27% 10,064 01 Jun 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $22,097 -629 -6.2% $35.13 9,435 01 Jun 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +742 +7.9% 10,177 01 Jun 2024 Direct F3
transaction DKNG Class A Common Stock Tax liability $7,658 -218 -2.1% $35.13 9,959 01 Jun 2024 Direct

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 -1,606 -12% $0.000000 11,245 01 Jun 2024 Class A Common Stock 1,606 Direct F1, F4
transaction DKNG Restricted Stock Units Options Exercise $0 -2,141 -8.3% $0.000000 23,543 01 Jun 2024 Class A Common Stock 2,141 Direct F2, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -742 -6.3% $0.000000 11,126 01 Jun 2024 Class A Common Stock 742 Direct F3, F6
* 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 1,606 shares of Class A Common Stock underlying the RSUs listed in Table II, and 472 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,141 shares of Class A Common Stock underlying the RSUs listed in Table II, and 629 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 742 shares of Class A Common Stock underlying the RSUs listed in Table II, and 218 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.
F4 On March 1, 2022, the Reporting Person was granted 25,703 RSUs vesting quarterly over four (4) years from March 1, 2022.
F5 On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.
F6 On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.