Erik Bradbury - 01 Dec 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Dec 2024
Net transactions value
-$58,535
Form type
4
Filing time
03 Dec 2024, 21:46:38 UTC
Previous filing
14 Aug 2024
Next filing
24 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2,745 +26% 13,306 01 Dec 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $58,535 -1,341 -10% $43.65 11,965 01 Dec 2024 Direct

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 -2,745 -6.2% $0.000000 41,178 01 Dec 2024 Class A Common Stock 2,745 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 2,745 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,341 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 August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024.