Jason Park - 23 Apr 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
24 Apr 2024, 20:04:07 UTC
Prior SEC filing
21 Mar 2024
Next SEC filing
23 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Faisal Hasan, attorney-in-fact

Key filing fact

Jason Park filed Form 4 for DraftKings Inc. (DKNG) on 24 Apr 2024.

Key facts

  • This page summarizes Jason Park's Form 4 filing for DraftKings Inc. (DKNG).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 24 Apr 2024, 20:04.

Change

  • Previous filing in this sequence was filed on 21 Mar 2024.
  • Current net transaction value: -$92,393.

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
+4,635
Change %
+1.4%
Price
Shares after
336,967
Date
23 Apr 2024
Ownership
Direct
Footnotes
F1
DKNG transaction

Class A Common Stock

Tax liability

Transaction value
$92,393
Shares
-2,242
Change %
-0.67%
Price
$41.21
Shares after
334,725
Date
23 Apr 2024
Ownership
Direct

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
-4,635
Change %
-100%
Price
$0.000000*
Shares after
0
Date
23 Apr 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
4,635
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

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 4,635 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,242 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 F2

On August 11, 2020, the Reporting Person was granted 74,158 RSUs vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.

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