Harry Sloan - 13 Jun 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
13 Jun 2024
Net transactions value
-$9,537,500
Form type
4
Filing time
14 Jun 2024, 20:01:17 UTC
Previous filing
14 Jun 2024
Next filing
01 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Gift $0 -500,000 -61% $0.000000 315,587 13 Jun 2024 Direct F1
transaction DKNG Class A Common Stock Gift $0 +500,000 $0.000000 500,000 13 Jun 2024 The Harry Sloan 2024 QTIP Trust F1
transaction DKNG Class A Common Stock Sale $9,537,500 -250,000 -50% $38.15 250,000 14 Jun 2024 The Harry Sloan 2024 QTIP Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift of 500,000 shares of Class A Common Stock previously reported as directly held by the Reporting Person to The Harry Sloan 2024 QTIP Trust. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.94 to $38.51, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.