R. Stanton Dodge - 23 Jul 2022 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: 23 Jul 2022
Transactions value $: -$30,240
Form type: 4
Filing time: 26 Jul 2022, 20:00:37 UTC
Previous filing: 06 Jul 2022
Next filing: 11 Aug 2022
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		+3,565	+1.1%		337,112	23 Jul 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$21,187	-1,566	-0.46%	$13.53	335,546	23 Jul 2022	Direct
transaction	DKNG	Class A Common Stock	Options Exercise		+1,522	+0.45%		337,068	23 Jul 2022	Direct	F2
transaction	DKNG	Class A Common Stock	Tax liability	-$9,051	-669	-0.2%	$13.53	336,399	23 Jul 2022	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	-3,565	-12%	$0	24,957	23 Jul 2022	Class A Common Stock	3,565		Direct	F1, F3
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-1,522	-10%	$0	13,552	23 Jul 2022	Class A Common Stock	1,522		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 3,565 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 1,566 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 1,522 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 669 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 August 11, 2020, the Reporting Person was granted 57,045 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.
F4	On February 9, 2022, the Reporting Person was granted 18,118 restricted stock units vesting in twelve (12) equal monthly installments from April 23, 2022.