R. Stanton Dodge - 22 May 2023 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 2023
Transactions value $: $-47,834
Form type: 4
Filing time: 24 May 2023, 20:27:43 UTC
Previous filing: 10 May 2023
Next filing: 02 Jun 2023
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	+0.4%		621,684	22 May 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	$-27,011	-1,071	-0.17%	$25.22	620,613	22 May 2023	Direct
transaction	DKNG	Class A Common Stock	Options Exercise		+1,961	+0.32%		622,574	23 May 2023	Direct	F2
transaction	DKNG	Class A Common Stock	Tax liability	$-20,824	-858	-0.14%	$24.27	621,716	23 May 2023	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	-12.5%	$0.000000	17,122	22 May 2023	Class A Common Stock	2,446		Direct	F1, F4
transaction	DKNG	Restricted Stock Units	Options Exercise	$0	-1,961	-8.33%	$0.000000	21,570	23 May 2023	Class A Common Stock	1,961		Direct	F2, F5, F7
holding	DKNG	Restricted Stock Units						176,469	22 May 2023	Class A Common Stock			Direct	F3, F6, F7

* 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 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 1,071 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	No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,961 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 858 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.
F3	Reflects the change in vesting terms of 14,119 RSUs granted to the Reporting Person on February 13, 2023. There was no purchase or sale of shares of Class A Common Stock in connection with the amendment.
F4	On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years.
F5	On April 28, 2023, the Reporting Person was granted 9,412 RSUs vesting in equal monthly installments over one (1) year from April 23, 2023. Further, on April 28, 2023, the vesting terms of an additional 14,119 RSUs previously granted to the Reporting Person on February 13, 2023 were amended to provide that such RSUs will vest on the same schedule.
F6	On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years.
F7	Reflects the change in vesting terms of 14,119 RSUs granted on February 13, 2023 and vesting quarterly over four (4) years that will now vest in equal monthly installments over one (1) year from April 23, 2023. See last sentence of footnote 5.