Jason Robins - 09 Nov 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: 09 Nov 2024
Net transactions value: -$741,522
Form type: 4
Filing time: 13 Nov 2024, 20:04:19 UTC
Previous filing: 04 Sep 2024
Next filing: 22 Nov 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		+38,216	+1.4%		2,747,159	09 Nov 2024	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$741,522	-18,478	-0.67%	$40.13	2,728,681	09 Nov 2024	Direct
holding	DKNG	Class A Common Stock						90	09 Nov 2024	Held by Jason Robins Revocable Trust u/d/t January 8, 2014
holding	DKNG	Class A Common Stock						3,151	09 Nov 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	-38,216	-17%	$0.000000	191,084	09 Nov 2024	Class A Common Stock	38,216		Direct	F1, F2

* 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 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 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	On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

Content

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 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 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.

On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.

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.