R. Stanton Dodge - 12 Jul 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: 12 Jul 2023
Net transactions value: -$5,735,804
Form type: 4
Filing time: 14 Jul 2023, 20:01:27 UTC
Previous filing: 05 Jul 2023
Next filing: 25 Jul 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	$622,769	+211,108	+34%	$2.95^*	840,131	12 Jul 2023	Direct	F1
transaction	DKNG	Class A Common Stock	Sale	$6,358,573	-211,108	-25%	$30.12	629,023	12 Jul 2023	Direct	F2

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	Stock Option	Options Exercise	$0	-211,108	-22%	$0.000000	737,023	12 Jul 2023	Class A Common Stock	211,108	$2.95	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash.
F2	The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 26, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3	These stock options were granted on November 7, 2017. As of the date hereof, all of such remaining stock options have vested.