R. Stanton Dodge - 09 Aug 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
09 Aug 2022
Net transactions value
-$111,186
Form type
4
Filing time
11 Aug 2022, 20:02:18 UTC
Previous filing
26 Jul 2022
Next filing
24 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 +14,155 +4.2% 350,554 09 Aug 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability $111,186 -6,215 -1.8% $17.89 344,339 09 Aug 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 -14,155 -6.7% $0.000000 198,161 09 Aug 2022 Class A Common Stock 14,155 Direct F1, F2
* 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 ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 14,155 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,215 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.
F2 On February 9, 2022, the Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years.