R. Stanton Dodge - Jun 1, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jun 1, 2024
Transactions value $
-$256,871
Form type
4
Date filed
6/4/2024, 08:15 PM
Previous filing
May 23, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +11K +4.56% 253K Jun 1, 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability -$170K -4.83K -1.91% $35.13 248K Jun 1, 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +4.82K +1.95% 253K Jun 1, 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability -$74.2K -2.11K -0.84% $35.13 251K Jun 1, 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +858 +0.34% 251K Jun 1, 2024 Direct F3
transaction DKNG Class A Common Stock Tax liability -$13.2K -375 -0.15% $35.13 251K Jun 1, 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 -11K -8.33% $0.00 121K Jun 1, 2024 Class A Common Stock 11K Direct F1, F4
transaction DKNG Restricted Stock Units Options Exercise $0 -4.82K -6.25% $0.00 72.4K Jun 1, 2024 Class A Common Stock 4.82K Direct F2, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -858 -10% $0.00 7.72K Jun 1, 2024 Class A Common Stock 858 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 11,030 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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 4,824 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,111 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 858 shares of Class A Common Stock underlying the RSUs listed in Table II, and 375 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 February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years from March 1, 2023. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs.
F5 On February 12, 2024, the Reporting Person was granted 77,196 RSUs vesting quarterly over four (4) years from March 1, 2024.
F6 On February 12, 2024, the Reporting Person was granted 10,293 RSUs vesting in equal monthly installments over one (1) year from March 1, 2024.