Jason Robins - 01 Jun 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
01 Jun 2024
Net transactions value
-$915,628
Form type
4
Filing time
04 Jun 2024, 20:19:47 UTC
Previous filing
23 May 2024
Next filing
09 Aug 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 +37,500 +1.4% 2,709,475 01 Jun 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $636,977 -18,132 -0.67% $35.13 2,691,343 01 Jun 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +16,404 +0.61% 2,707,747 01 Jun 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $278,651 -7,932 -0.29% $35.13 2,699,815 01 Jun 2024 Direct
holding DKNG Class A Common Stock 90 01 Jun 2024 Held by Jason Robins Revocable Trust u/d/t January 8, 2014
holding DKNG Class A Common Stock 3,151 01 Jun 2024 Held by Robins Family Trust LLC

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 -37,500 -8.3% $0.000000 412,500 01 Jun 2024 Class A Common Stock 37,500 Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -16,404 -6.2% $0.000000 246,063 01 Jun 2024 Class A Common Stock 16,404 Direct F2, F4
* 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 37,500 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,132 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 16,404 shares of Class A Common Stock underlying the RSUs listed in Table II, and 7,932 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 On February 13, 2023, the Reporting Person was granted 600,000 RSUs vesting quarterly over four (4) years from March 1, 2023.
F4 On February 12, 2024, the Reporting Person was granted 262,467 RSUs vesting quarterly over four (4) years from March 1, 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.