Erik Bradbury - 28 Feb 2025 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
28 Feb 2025
Net transactions value
-$56,272
Form type
4
Filing time
04 Mar 2025, 21:50:46 UTC
Previous filing
24 Feb 2025
Next filing
03 Jun 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 +2,745 +23% 14,710 01 Mar 2025 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability $56,272 -1,283 -8.7% $43.86 13,427 01 Mar 2025 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 Award $0 +2,230 $0.000000 2,230 28 Feb 2025 Class A Common Stock 2,230 Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -2,745 -6.7% $0.000000 38,433 01 Mar 2025 Class A Common Stock 2,745 Direct F1, F2, F4
* 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 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 1,283 shares of Class A Common Stock withheld by the Issuer.
F3 On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.
F4 On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024.