Jason Robins - 20 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
20 Nov 2024
Net transactions value
-$259,589
Form type
4
Filing time
22 Nov 2024, 20:31:56 UTC
Previous filing
13 Nov 2024
Next filing
03 Dec 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 Gift $0 -100,669 -3.7% $0.000000 2,628,012 20 Nov 2024 Direct F1
transaction DKNG Class A Common Stock Sale $137,730 -3,151 -100% $43.71 0 21 Nov 2024 Held by Robins Family Trust LLC
transaction DKNG Class A Common Stock Options Exercise +5,849 +0.22% 2,633,861 22 Nov 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $121,859 -2,828 -0.11% $43.09 2,631,033 22 Nov 2024 Direct
holding DKNG Class A Common Stock 90 20 Nov 2024 Held by Jason Robins Revocable Trust u/d/t January 8, 2014

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 -5,849 -50% $0.000000 5,849 22 Nov 2024 Class A Common Stock 5,849 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents bona fide gifts of the Issuer's Class A Common Stock to various non-profit organizations. There were no purchases or sales of Class A Common Stock in connection with the transfers.
F2 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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 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 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over 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.