Key facts
- This page summarizes Jason Park's Form 4 filing for DraftKings Inc. (DKNG).
- 8 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 24 Nov 2023, 20:03.
Jason Park - 21 Nov 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- DKNG
- Reported as of
- 21 Nov 2023
- Net transaction value
- -$26,390,452
- SEC form
- 4
- Accepted by SEC
- 24 Nov 2023, 20:03:11 UTC
- Prior SEC filing
- 13 Nov 2023
- Next SEC filing
- 29 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Faisal Hasan, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jason Park filed Form 4 for DraftKings Inc. (DKNG) on 24 Nov 2023.
Change
- Previous filing in this sequence was filed on 13 Nov 2023.
- Current net transaction value: -$26,390,452.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- $1,899,613
- Shares
- +404,173
- Change %
- +114%
- Price
- $4.70*
- Shares after
- 757,505
- Date
- 21 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
DKNG
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $462,178
- Shares
- +97,712
- Change %
- +13%
- Price
- $4.73*
- Shares after
- 855,217
- Date
- 21 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
DKNG
transaction
Class A Common Stock
Sale
- Transaction value
- $28,702,500
- Shares
- -750,000
- Change %
- -88%
- Price
- $38.27
- Shares after
- 105,217
- Date
- 21 Nov 2023
- Ownership
- Direct
- Footnotes
- F2, F3
DKNG
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +2,659
- Change %
- +2.5%
- Price
- Shares after
- 107,876
- Date
- 22 Nov 2023
- Ownership
- Direct
- Footnotes
- F4
DKNG
transaction
Class A Common Stock
Tax liability
- Transaction value
- $49,742
- Shares
- -1,286
- Change %
- -1.2%
- Price
- $38.68
- Shares after
- 106,590
- Date
- 22 Nov 2023
- Ownership
- Direct
DKNG
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 42,689
- Date
- 21 Nov 2023
- Ownership
- Held by Park Family 2022 Grantor Retained Annuity Trust III
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DKNG
transaction
Derivative
Stock Option
Options Exercise
- Transaction value
- $0
- Shares
- -404,173
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 21 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 404,173
- Exercise price
- $4.70
- Footnotes
- F1, F5
DKNG
transaction
Derivative
Stock Option
Options Exercise
- Transaction value
- $0
- Shares
- -97,712
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 21 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 97,712
- Exercise price
- $4.73
- Footnotes
- F1, F6
DKNG
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,659
- Change %
- -17%
- Price
- $0.000000
- Shares after
- 13,293
- Date
- 22 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,659
- Exercise price
- Footnotes
- F4, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 7 footnotes
Footnote 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 in cash.
Footnote F2
The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on August 16, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.92 to $38.89, 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.
Footnote F4
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 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,286 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.
Footnote F5
These stock options were granted on June 4, 2019. As of the date hereof, these stock options are vested and exercised.
Footnote F6
These stock options were granted on August 15, 2019. As of the date hereof, these stock options are vested and exercised.
Footnote F7
On February 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.