John S. Salter - 19 Apr 2022 Form 4 Insider Report for DraftKings Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Apr 2022, 20:20:15 UTC
Prior SEC filing
16 Feb 2022
Next SEC filing
12 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Faisal Hasan, attorney-in-fact

Key filing fact

John S. Salter filed Form 4 for DraftKings Inc. on 21 Apr 2022.

Key facts

  • This page summarizes John S. Salter's Form 4 filing for DraftKings Inc..
  • 8 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 21 Apr 2022, 20:20.

Change

  • Previous filing in this sequence was filed on 16 Feb 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+3,563
Change %
+28%
Price
Shares after
16,200
Date
19 Apr 2022
Ownership
Direct
Footnotes
F1
DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+284
Change %
+1.8%
Price
Shares after
16,484
Date
19 Apr 2022
Ownership
Direct
Footnotes
F1
DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+288
Change %
+1.7%
Price
Shares after
16,772
Date
19 Apr 2022
Ownership
Direct
Footnotes
F1
DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+619
Change %
+3.7%
Price
Shares after
17,391
Date
19 Apr 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DKNG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,563
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Apr 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,563
Exercise price
Footnotes
F1, F2, F6
DKNG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-284
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Apr 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
284
Exercise price
Footnotes
F1, F3, F6
DKNG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-288
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Apr 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
288
Exercise price
Footnotes
F1, F4, F6
DKNG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-619
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Apr 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
619
Exercise price
Footnotes
F1, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock and such Reporting Person's shares of Class A Common Stock are subject to the restrictions set forth in the Lock-Up Agreement, dated March 15, 2021, between the Reporting Person and the Initial Purchasers (as defined therein).

Footnote F2

The RSUs were granted on May 4, 2021 and became fully vested on April 19, 2022.

Footnote F3

The RSUs were granted on August 3, 2021 and became fully vested on April 19, 2022.

Footnote F4

The RSUs were granted on November 2, 2021 and became fully vested on April 19, 2022.

Footnote F5

The RSUs were granted on February 14, 2022 and became fully vested on April 19, 2022.

Footnote F6

The reporting person is party to a Nominee and Assignment Agreement with The Raine Group LLC ("Raine") pursuant to which he will be required to transfer the shares of the Issuer's Class A Common Stock underlying such RSUs to Raine upon settlement thereof. The reporting person disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the RSUs for purposes of Section 16 or for any other purpose.

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