Jason Robins - 12 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
12 Feb 2025
Net transactions value
-$8,874,000
Form type
4
Filing time
14 Feb 2025, 20:01:19 UTC
Previous filing
11 Feb 2025
Next filing
25 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 $126,000 +200,000 +7.5% $0.6300 2,878,613 12 Feb 2025 Direct F1
transaction DKNG Class A Common Stock Sale $9,000,000 -200,000 -6.9% $45.00 2,678,613 12 Feb 2025 Direct F2, F3
holding DKNG Class A Common Stock 90 12 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 Stock Option Options Exercise $0 -200,000 -100% $0.000000 53 12 Feb 2025 Class A Common Stock 200,000 $0.6300 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash.
F2 The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.04, 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 3 to this Form 4.
F4 These stock options were granted on March 24, 2016. As of the date hereof, all of such remaining stock options have vested.

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.