Jason Robins - 09 Feb 2025 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 Feb 2025
Net transactions value
-$781,250
Form type
4
Filing time
11 Feb 2025, 21:41:14 UTC
Previous filing
03 Dec 2024
Next filing
14 Feb 2025
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 +38,217 +1.4% 2,697,091 09 Feb 2025 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability $781,250 -18,478 -0.69% $42.28 2,678,613 09 Feb 2025 Direct
holding DKNG Class A Common Stock 90 09 Feb 2025 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 -38,217 -20% $0.000000 152,867 09 Feb 2025 Class A Common Stock 38,217 Direct F1, F2, F3
transaction DKNG Restricted Stock Units Award $0 +224,133 $0.000000 224,133 10 Feb 2025 Class A Common Stock 224,133 Direct F1, F4
holding DKNG Stock Option 374,710 09 Feb 2025 Class A Common Stock 275,611 $3.82 Direct F5, F6
holding DKNG Stock Option 0 09 Feb 2025 Class A Common Stock 0 $3.82 Held by Robins December 2021 Grantor Retained Annuity Trust F5, F6
holding DKNG Stock Option 280,190 09 Feb 2025 Class A Common Stock 280,190 $3.29 Direct F7, F8
holding DKNG Stock Option 0 09 Feb 2025 Class A Common Stock 0 $3.29 Held by Robins December 2021 Grantor Retained Annuity Trust F7, F8
holding DKNG Stock Option 6,512,289 09 Feb 2025 Class A Common Stock 6,512,289 $3.29 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
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 38,217 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.
F3 On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.
F4 On February 10, 2025, the Reporting Person was granted 224,133 RSUs vesting quarterly over four (4) years from March 1, 2025.
F5 These stock options were granted on May 3, 2017. As of the date hereof, all such remaining stock options have vested.
F6 Reflects the transfer of 275,611 stock options previously reported as indirectly held by the Robins December 2021 Grantor Retained Annuity Trust to the Reporting Person directly. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F7 These stock options were granted on April 18, 2018. As of the date hereof, all such remaining stock options have vested.
F8 Reflects the transfer of 280,190 stock options previously reported as indirectly held by the Robins December 2021 Grantor Retained Annuity Trust to the Reporting Person directly. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F9 These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.
F10 The reported Expiration Date reflects an adjustment to correct previous filings which incorrectly reported the Expiration Date for these stock options in Column 6 of Table II as 04/18/2028.

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.