R. Stanton Dodge - 22 May 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role: Chief Legal Officer
Signature: /s/ Faisal Hasan, attorney-in-fact
Issuer symbol: DKNG
Transactions as of: 22 May 2021
Net transactions value: -$59,001
Form type: 4
Filing time: 25 May 2021, 20:05:22 UTC
Previous filing: 14 May 2021
Next filing: 28 May 2021
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		+2,446	+1%		246,252	22 May 2021	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$47,933	-1,074	-0.44%	$44.63^*	245,178	22 May 2021	Direct
transaction	DKNG	Class A Common Stock	Options Exercise		+564	+0.23%		245,742	23 May 2021	Direct	F2
transaction	DKNG	Class A Common Stock	Tax liability	$11,068	-248	-0.1%	$44.63^*	245,494	23 May 2021	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	Options Exercise	$0	-2,446	-6.2%	$0.000000	36,690	22 May 2021	Class A Common Stock	2,446		Direct	F1, F3
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-564	-8.3%	$0.000000	6,242	23 May 2021	Class A Common Stock	564		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,446 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,074 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit 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 restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 564 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 248 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3	On February 22, 2021, the Reporting Person was granted 39,136 restricted stock units vesting quarterly over 4 years.
F4	On February 22, 2021, the Reporting Person was granted 6,806 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2021.