Jocelyn Moore - Jun 5, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jun 5, 2024
Transactions value $
-$103,518
Form type
4
Date filed
6/7/2024, 08:01 PM
Previous filing
May 15, 2024
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Sale -$52.1K -1.45K -17.55% $35.92 6.81K Jun 5, 2024 Direct F1
transaction DKNG Class A Common Stock Sale -$51.4K -1.4K -20.59% $36.66 5.41K Jun 6, 2024 Direct F1
holding DKNG Class A Common Stock 26.2K Jun 5, 2024 The Mustard Seed Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 30, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.