R. Stanton Dodge - 01 Apr 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Apr 2024
Transactions value $
$-16,852
Form type
4
Filing time
03 Apr 2024, 20:01:24 UTC
Previous filing
26 Mar 2024
Next filing
24 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +857 +0.38% 229,119 01 Apr 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $-16,852 -375 -0.16% $44.94 228,744 01 Apr 2024 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 -857 -8.33% $0.000000 9,436 01 Apr 2024 Class A Common Stock 857 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 857 shares of Class A Common Stock underlying the RSUs listed in Table II, and 375 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 12, 2024, the Reporting Person was granted 10,293 RSUs vesting in equal monthly installments over one (1) year from March 1, 2024.